Shooting star after a run
A long upper wick with RSI above 60. Buyers tried and could not hold it.
The hammer upside down. Price ran well above the open during the session and gave all of it back by the close. Requiring RSI over 60 puts the candle where it means something, at the end of an advance instead of the middle of a decline. Read the guide: Candlestick patterns need context →
More patterns:Bullish engulfing at supportBearish engulfing near the highsHammer while oversoldMorning starThree white soldiers
Price and delivery data from the eod2 dataset: National Stock Exchange of India end-of-day files, split- and bonus-adjusted, updated after each close. Not affiliated with or endorsed by NSE. PatternsRadar is a research tool. Nothing here is investment advice or a recommendation to buy or sell anything.