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Indian stock market · candlestick pattern
Shooting star on Tata Steel
On Tata Steel the shooting star showed up 25 times. The target came first 48% of the time, the stop 52%, and 0% went nowhere within 12 candles.
Counted on Tata Steel: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 9 | 33% | 67% | 0% |
| Hourly | 16 | 56% | 44% | 0% |
Tata Steel against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Tata Steel | 25 | 48% | 52% | 0% |
| All Indian stock market charts | 1,265 | 38% | 56% | 6% |
| Every market | 10,013 | 36% | 57% | 7% |
Year by year
| Year | Found | Target first | Stop first |
|---|---|---|---|
| 2023 | 3 | 67% | 33% |
| 2025 | 11 | 64% | 36% |
| 2026 | 5 | 20% | 80% |
The last 8 times
- 30 Jul 2026, 11:15 IST · hourly · stop first after 5 candles
- 19 Mar 2026, 09:15 IST · hourly · target first after 5 candles
- 26 Feb 2026, 11:15 IST · hourly · stop first after 3 candles
- 6 Jan 2026, 09:15 IST · hourly · stop first after 2 candles
- 5 Jan 2026, 12:15 IST · hourly · stop first after 4 candles
- 29 Dec 2025, 10:15 IST · hourly · target first after 6 candles
- 24 Dec 2025, 12:15 IST · hourly · target first after 3 candles
- 26 Nov 2025, 10:15 IST · hourly · stop first after 6 candles
Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.
What the shooting star is
After a rise, buyers pushed up and sellers slammed it back down.
A firework shoots high into the sky, sparkles, and then falls back down. A shooting star candle is like that: after a rise, price shot up during the candle, then sellers pushed it back down near where it started. The long top wick is the trail it left behind.
The full shooting star lesson, video and quiz ›
Other patterns on Tata Steel
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · MACD bearish cross · Volume profile rejection · Gap up · MACD bullish cross · RSI overbought drop · all of them
The shooting star elsewhere
Bharti Airtel · Infosys · Mahindra & Mahindra · Hindalco · Shriram Finance · Vedanta · Bajaj Finserv · Tech Mahindra · Kotak Mahindra Bank · HDFC Bank · Dow Jones · Sony · GBP/USD · EUR/JPY · Silver · Ethereum · Bitcoin
Questions
How often does the shooting star work on Tata Steel?
In 25 cases on Tata Steel, the target (1.5 × ATR) came before the stop (1 × ATR) 48% of the time and the stop came first 52%; 0% went nowhere within 12 candles.
What is the shooting star?
After a rise, buyers pushed up and sellers slammed it back down.