Shooting Star on charts: 4 major stocks giving bearish indication
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Downtrend
Bearish reversal scan on the candlestick screener can help in ascertaining stocks which can slip downward from an uptrend zone. Here is a list of 4 major stocks 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.
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Sheela Foam
LTP as on June 30: Rs 1,211.15 | Change in stock price:- 0.3%
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V-Guard Industries
LTP as on June 30: Rs 282.5 | Change in stock price:- 0.7%
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Alembic Pharmaceuticals
LTP as on June 30: Rs 636.4 | Change in stock price: -0.7%
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JK Cement
LTP as on June 26: Rs 3,381.9 | Change in stock price: -1.4%