2 stocks with m-cap above Rs 10,000 cr see bearish reversal on Candlestick scans
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Bear Grip
Bearish reversal on the candlestick screener can help identify stocks where the trend can change downward from an uptrend zone in the future. So, here are 2 stocks with m-cap over Rs 10,000 cr that have established a Shooting Star pattern and signal bearish reversal. (Source: StockEdge)
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Shooting Star Pattern
It is a one-day candlestick pattern in which there is a small red real body and an upper shadow extending from the body and is formed at the top of an uptrend. The pattern signifies bearish reversal, indicating that the trend is changing and the bears have begun to pull the prices down.
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NMDC Steel
LTP as on June 1: Rs 44.5| Change in stock price: 1.8%
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4/4
JSW Energy
LTP as on June 1: Rs 253.45| Change in stock price: -0.2%