Shooting Star: Infosys among 11 stocks suggesting bearish reversal
By Roshni Agarwal, ETMarkets.com |
1/13
Downtrend
Bearish reversal scans on the candlestick screener help ascertain stocks which can slip downward from an uptrend zone. Here is a list of stocks with m-cap over Rs 1000 crore that have established a Shooting Star pattern and signal bearish reversal. Note here the data is of the previous trading session i.e. July 17. (Source: StockEdge)
2/13
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. It is formed at the top of an uptrend.
3/13
Servotech Power Systems
Closing price as on July 17: Rs 161.25 | Change in stock price: -4.2%
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4/13
Abans Holdings
Closing price as on July 17: Rs 324.1 | Change in stock price: -0.8%
5/13
Shalimar Paints
Closing price as on July 17: Rs 154.65 | Change in stock price: -0.8%
6/13
FACT
Closing price as on July 17: Rs 490.95 | Change in stock price: -0.6%
7/13
IFB Industries
Closing price as on July 17: Rs 839.3 | Change in stock price: -0.6%
8/13
Centum Electronics
Closing price as on July 17: Rs 1395.65 | Change in stock price: -0.4%
9/13
Prudent Corporate Advisory
Closing price as on July 17: Rs 1017.25 | Change in stock price: -0.2%
10/13
Infosys
Closing price as on July 17: Rs 1422.95 | Change in stock price: -0.2%
11/13
Force Motors
Closing price as on July 17: Rs 2749.3| Change in stock price: 0%
12/13
Expleo Solutions
Closing price as on July 17: Rs 1645.7 | Change in stock price: 1.1%
13/13
Godawari Power and Ispat
Closing price as on July 17: Rs 533 | Change in stock price: -0.2%