Educational idea given on Candlestick charts pattern on RIL Share. Candle charts are not generating any trading ideas but provide the high probability that the stock move is going as per given direction. Check on daily charts all the conditions are fulfilled when we see the Shooting star candle visible on RIL share will go step by step .
1) After uptrend Shooting star visibility means the probability of stock to move in downtrend now. 2) Keep the Stop Loss on the top wick or just above as shown in image. 3) Keep the target 1:2 at least or as per your reward to risk ratio. 4) Book the profit & exit trade. See the power of shooting star candle.
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