​2 stocks with m-cap above Rs 10,000 cr see bearish reversal on Candlestick scans​

    , ETMarkets.com|
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    Bear Grip

    Bearish reversal on the candlestick screener can help identify stocks where the trend can change downward from an uptrend zone in the future. So, here are 2 stocks with m-cap over Rs 10000 cr that have established a Shooting Star pattern and signal bearish reversal. (Source: StockEdge)

    iStock
    ​​Shooting Star Pattern
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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.

    Agencies
    ​​Significance
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    ​​Significance

    The pattern signifies bearish reversal, indicating that the trend is changing and the bears have begun to pull the prices down.

    iStock
    ​​Krishna Institute of Medical Sciences
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    ​​Krishna Institute of Medical Sciences


    ​LTP as on May 24: Rs 1608.85| Change in stock price: -0.1%

    ETMarkets.com
    Gujarat Fluorochemicals
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    Gujarat Fluorochemicals

    ​LTP as on May 24: Rs 3300.25| Change in stock price: -0.9%

    ETMarkets.com
    The Economic Times
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