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Indian stock market · candlestick pattern
Shooting star on Wipro
On Wipro the shooting star showed up 21 times. The target came first 24% of the time, the stop 76%, and 0% went nowhere within 12 candles.
Counted on Wipro: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 9 | 22% | 78% | 0% |
| Hourly | 12 | 25% | 75% | 0% |
Wipro against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Wipro | 21 | 24% | 76% | 0% |
| All Indian stock market charts | 1,265 | 38% | 56% | 6% |
| Every market | 10,013 | 36% | 57% | 7% |
The last 8 times
- 16 Jun 2026, 10:15 IST · hourly · stop first after 6 candles
- 17 Feb 2026, 12:15 IST · hourly · target first after 4 candles
- 1 Jan 2026, 11:15 IST · hourly · stop first after 5 candles
- 19 Dec 2025, 10:15 IST · hourly · stop first after 6 candles
- 21 Nov 2025, 12:15 IST · hourly · stop first after 4 candles
- 14 Oct 2025, 14:15 IST · hourly · stop first after 2 candles
- 13 Oct 2025, 09:15 IST · hourly · stop first after 7 candles
- 10 Oct 2025, 10:15 IST · hourly · target 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 Wipro
Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Doji · Gap up · Volume profile rejection · MACD bullish cross · MACD bearish cross · EMA 9/21 bullish cross · all of them
The shooting star elsewhere
Bharti Airtel · Infosys · Mahindra & Mahindra · Hindalco · Shriram Finance · Vedanta · Tata Steel · Bajaj Finserv · Tech Mahindra · Kotak Mahindra Bank · Dow Jones · Sony · GBP/USD · EUR/JPY · Silver · Ethereum · Bitcoin
Questions
How often does the shooting star work on Wipro?
In 21 cases on Wipro, the target (1.5 × ATR) came before the stop (1 × ATR) 24% of the time and the stop came first 76%; 0% went nowhere within 12 candles.
What is the shooting star?
After a rise, buyers pushed up and sellers slammed it back down.