Shooting Star on charts: 4 Nifty500 stocks giving bearish indications
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Downtrend
Bearish reversal scan on the candlestick screener can help ascertain stocks which can slip downward from an uptrend zone. Here is a list of 4 Nifty500 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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KSB
LTP as on June 26: Rs 2177 | Change in stock price:- 0.4%
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DCM Shriram
LTP as on June 26: Rs 910.25 | Change in stock price:- 0.8%
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Endurance Technologies
LTP as on June 26: Rs 1561.9 | Change in stock price: -1.2%
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KIMS
LTP as on June 26: Rs 1752.8 | Change in stock price: -1.5%