Use this guide to find single-candle rejection patterns that show the market tested a level aggressively and then got pushed back before the close.
Hammers are more useful after declines or pullbacks, while shooting stars are more useful after advances into resistance.
The longer rejection wick should clearly dominate the body so the rejection is obvious rather than cosmetic.
Cleaner patterns usually have a small opposite wick, which keeps the rejection message clearer.
A strong next candle that respects the rejection zone is usually more important than the pattern alone.
These are the main inputs you can tune on the page and the range to begin with when you want a clean first pass.
| Parameter | What it does | Good range to start |
|---|---|---|
| Market | Choose the exchange universe you want to scan first. | Run India and US separately. |
| Number of Stocks | Controls how many names are scanned for rejection candles. | Start with 60 to 150 names. |
| Lookback Window | Sets how much price history is loaded before pattern detection. | Start around 60 to 120 sessions. |
| Recent Signal Days | Keeps the list focused on fresh rejection candles. | Start around 1 to 5 days. |
| Pattern Type | Lets you focus on hammers, shooting stars, or both. | Start with Both, then tighten by market tone. |
| Min Wick / Body Ratio | Requires the rejection wick to be much larger than the body. | Start around 2.0x to 3.0x. |
| Max Opposite Wick / Body Ratio | Keeps the opposite wick small so the rejection message stays cleaner. | Start around 0.3x to 0.8x. |
| Trend Window | Measures whether the rejection candle appeared after a meaningful prior move. | Start around 5 to 10 sessions. |
Use the page to narrow the market quickly, then promote only the strongest chart-plus-context setups into your active watchlist or research queue.
Charts