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Indian stock market · candlestick pattern

Shooting star on Yes Bank

On Yes Bank the shooting star showed up 21 times. The target came first 38% of the time, the stop 57%, and 5% went nowhere within 12 candles.

Counted on Yes Bank: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1020%70%10%
Hourly1155%45%0%

Yes Bank against the rest

ChartsFoundTarget firstStop firstWent nowhere
Yes Bank2138%57%5%
All Indian stock market charts1,26538%56%6%
Every market10,01336%57%7%

The last 8 times

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 Yes Bank

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Volume profile rejection · Spinning top · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bullish cross · EMA 9/21 bearish 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 Yes Bank?

In 21 cases on Yes Bank, the target (1.5 × ATR) came before the stop (1 × ATR) 38% of the time and the stop came first 57%; 5% went nowhere within 12 candles.

What is the shooting star?

After a rise, buyers pushed up and sellers slammed it back down.