Through this article we will let you know about the Shooting Star CandleStick Pattern and how you can get benefitted with it.
Long Upper Shadow
Small Real Body
Little or No Lower Shadow.
Upper Shadow>> 2x Real Body.
Colour Doesn't matter.
Formed In Uptrend.
It is a bearish Signal.
When the market is going uptrend continuously and a Shooting Star Candle is formed, it is an Alert that, Uptrend may Stop Here.
Bullish Position holder generally,
Doesn't not Exit their position Quickly as compared to bearish position holder.
That's the main point of Shooting Star
Short Entry:
Take Short Entry Once Price Started Trading below Shooting Star Candle Low.
Stop Loss= Shooting Star Candle High.
Min Reward= 1.5xRisk.
Next Candle of Shooting Star generally opens Gap Down, So very good For Overnight PE Position.
Long Upper Shadow
Small Real Body
Little or No Lower Shadow.
Upper Shadow>> 2x Real Body.
Colour Doesn't matter.
Formed In Uptrend.
It is a bearish Signal.
When the market is going uptrend continuously and a Shooting Star Candle is formed, it is an Alert that, Uptrend may Stop Here.
Bullish Position holder generally,
Doesn't not Exit their position Quickly as compared to bearish position holder.
That's the main point of Shooting Star
Short Entry:
Take Short Entry Once Price Started Trading below Shooting Star Candle Low.
Stop Loss= Shooting Star Candle High.
Min Reward= 1.5xRisk.
Next Candle of Shooting Star generally opens Gap Down, So very good For Overnight PE Position.
Make money using our bank nifty option tips and it requires least capital.
Do not forget to check our daily money-making bank nifty option tips for tomorrow as we trade less but trade accurately. Above is one of the reliable bank nifty option strategy which can help you get good profit. However before you put your money on actual trades, do undertake paper trading with above strategy.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
