Shooting Star pattern: 4 major mid and small caps suggest bearish reversal
By Roshni Agarwal, ETMarkets.com |
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Downtrend
Bearish reversal scans on the candlestick screener help ascertain stocks which can slip downward from an uptrend zone. Here is a list of 4 major mid and small cap stocks that have established a Shooting Star pattern and signal bearish reversal. Note here the data is of the previous trading session i.e. July 19. (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 with an upper shadow extending from the body. It is formed at the top of an uptrend.
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Mahindra Logistics
Closing price as on July 19: Rs 400.45 | Change in stock price: 0.3%
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Aurobindo Pharma
Closing price as on July 19: Rs 751.1 | Change in stock price: -0.3%
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Firstsource Solutions
Closing price as on July 19: Rs 137.9 | Change in stock price: -0.1%
