Shooting Star! 8 stocks signal bears might take over going ahead
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Downtrend Ahead?
Bearish reversal scans on the candlestick screener help ascertain stocks which can slip downward from an uptrend zone. Here is a list of 8 top stocks that have established a Shooting Star pattern and are now signalling a bearish reversal. Note, the data is from the previous trading session i.e. July 13. (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 is formed at the top of an uptrend.
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Akzo Nobel
Closing price as on July 13: Rs 2737.75 | Change in stock price: 0.6%
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ICICI Prudential Life Insurance
Closing price as on July 13: Rs 598.2 | Change in stock price: 0.2%
5/10
CE Info Systems
Closing price as on July 13: Rs 1338.9 | Change in stock price: 0.1%
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Oberoi Realty
Closing price as on July 13: Rs 1208.55 | Change in stock price: -0.5%
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Equitas Small Finance Bank
Closing price as on July 13: Rs 93.2 | Change in stock price: -0.7%
8/10
Cochin Shipyard
Closing price as on July 13: Rs 637.3 | Change in stock price: -1%
9/10
Sun TV Network
Closing price as on July 13: Rs 481.65 | Change in stock price: -1.5%
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KPIT Technologies
Closing price as on July 13: Rs 1047.55 | Change in stock price: -1.6%