​3 NSE stocks that signal bearish reversal on candlestick screener​

Roshni Agarwal, ETMarkets.com

Apr 12, 2023

​​Negative Trend​

​A bearish reversal pattern on the candlestick screener can help identify stocks that can slip downward from an upward trend in future. So, here are 3 NSE stocks (with m-cap Rs 10,000 crore and above) that have established a shooting star pattern and signal a bearish reversal. (Source: StockEdge)​

Image Source: iStock

​​What's a 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, which is formed at the top of an uptrend.​

Image Source: ETMarkets.com

​Adani Power

​LTP as on April 11: Rs 194 | Performance: 0%​

Image Source: ETMarkets.com

​​Muthoot Finance​

​LTP as on April 11: Rs 1,027.75| Performance: 0%​

Image Source: ETMarkets.com

​IPCA Laboratories​

LTP as on April 11: Rs 829 | Performance: -0.5%

Image Source: ETMarkets.com

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