Methodology
Ways to develop a market POV
Four approaches to deciding what to buy or sell.
Methodology
Four approaches to deciding what to buy or sell.
Small body near the bottom of the candle's range with a long upper wick at least twice the body's height. Little or no lower wick.
Bearish·Bearish reversal·1-candle·Requires a prior uptrend
What it means
Buyers pushed price up early in the session but sellers took control and forced the close back near the open. Supply zone defended at the highs.
Confirmation to wait for
Next session should close below the shooting star's body. Higher volume on the star strengthens the signal.
Failure mode
Without a clear prior uptrend it's just an upper-wick day, not a reversal. Body colour matters less than the long upper wick.
body in bottom half of range (max(open,close) ≤ midpoint) AND upper wick ≥ 2 × body AND lower wick ≤ 30% × range. Plus prior 5-day uptrend (close 5 days ago ≤ today × 0.98).
The scanner below applies this rule to today's daily candles across actively-traded NSE equities, ranked by traded value (price × volume). Liquidity floor: ₹25 Cr traded today. Rule-based matches - not buy/sell calls.
2 matches in NIFTY500 · session 09/06/2026
| Symbol | Name | Close | Δ 1D | Traded ₹Cr | Quality | Sector |
|---|---|---|---|---|---|---|
| EMCURE | Emcure Pharmaceuticals Ltd. | ₹1,744.60 | +1.45% | 57.5 | 75 | Healthcare |
| AJANTPHARM | Ajanta Pharmaceuticals Ltd. | ₹3,017.20 | +1.63% | 60.1 | 68 | Healthcare |
Pattern definitions are descriptive, not predictive. Confirm with volume + the broader trend on the index / sector before trading any single-stock signal.
Ordered by pattern-quality score (cleaner textbook match scores higher). Traded value used as a tiebreaker. Click any symbol to verify the candle visually on the stock's chart.
Evening Star
Bearish reversal