Stock name: TRIL

Pattern: Shooting Star

Time frame: Daily

Observation:

The stock had a pretty decent run up in the past few days with good volumes. However, the stock has yesterday formed a shooting star pattern in the daily time frame. Shooting star is a bearish candle stick pattern and hence caution is exercised whenever such a pattern is formed.

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Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

News for the day:

1) Q3 results update: Infosys
Consolidated revenue 20% up YoY
Consolidated PBT up 12.5% YoY
Management revised FY23 guidance higher to 16-16.5%

2) The Mumbai bench of the NCLT has allowed the transfer of Jet Airway's ownership to the Jalan-Kalrock Consortium, CNBC-TV18 reported. The consortium now has six months to settle their dues and take control of the airline.

3) Oil gains 6% this week on positive global economic expectations

4) Avenue Supermarts and HDFC Bank amongst companies which will post their quarterly results tomorrow.