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Asian Paints chart patterns
We ran 57 candlestick patterns, chart patterns and indicator signals over Asian Paints (daily candles from January 2015 and hourly candles from October 2024) and counted 3,072 cases. Here is how often each one reached its target before its stop.
Best on Asian Paints: obv bullish divergence (48% of 23), macd bullish cross (46% of 107), bullish engulfing (45% of 20). Weakest: tweezer top (17% of 24), bullish marubozu (25% of 20), bearish engulfing (30% of 27). Most patterns hit the stop more often than the target: that is why the app teaches context and risk, not single signals.
Buy and sell setups, ranked
| Pattern | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| OBV bullish divergence | 23 | 48% | 48% | 4% |
| MACD bullish cross | 107 | 46% | 50% | 5% |
| Bullish engulfing | 20 | 45% | 50% | 5% |
| Fibonacci bounce up | 41 | 44% | 54% | 2% |
| EMA 9/21 bullish cross | 110 | 43% | 55% | 2% |
| RSI oversold bounce | 79 | 41% | 58% | 1% |
| RSI overbought drop | 105 | 39% | 55% | 6% |
| Stochastic bullish cross | 229 | 38% | 56% | 5% |
| EMA 9/21 bearish cross | 111 | 38% | 57% | 5% |
| Bullish harami | 24 | 38% | 54% | 8% |
| Gap up | 69 | 35% | 58% | 7% |
| Bearish marubozu | 35 | 34% | 60% | 6% |
| Volume profile rejection | 140 | 34% | 61% | 5% |
| Stochastic bearish cross | 233 | 33% | 61% | 6% |
| MACD bearish cross | 131 | 32% | 61% | 7% |
| Gap down | 79 | 32% | 65% | 4% |
| Volume profile bounce | 89 | 31% | 65% | 3% |
| Fibonacci bounce down | 29 | 31% | 69% | 0% |
| Bearish harami | 23 | 30% | 61% | 9% |
| Bollinger breakout down | 20 | 30% | 65% | 5% |
| Hanging man | 27 | 30% | 59% | 11% |
| Bearish engulfing | 27 | 30% | 63% | 7% |
| Bullish marubozu | 20 | 25% | 70% | 5% |
| Tweezer top | 24 | 17% | 79% | 4% |
Neutral patterns
| Pattern | Found | Broke up | Broke down | Stayed inside |
|---|---|---|---|---|
| Spinning top | 191 | 49% | 50% | 1% |
| Doji | 179 | 49% | 49% | 3% |
| Inside bar | 644 | 48% | 51% | 0% |
Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.
Learn to read Asian Paints charts
- India: NSE and BSEIn India, shares trade on NSE and BSE from 9:15 until about 3:30, and SEBI is the referee.
- What one candle tells youEvery candle shows four prices: where it started, its highest, its lowest and where it finished.
- Bodies and wicks: the tug of warA big body means one side won; a long wick means a push that got pushed back.
- The hammerA hammer after a fall shows sellers pushed hard but buyers pushed the price back up.
- Rule one: stay in the gameLose half your money and you must double what is left just to get back to the start.
- The stop-loss: decide your exit firstA stop-loss is the price where your idea is wrong, and you choose it before you enter.
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Questions
Which pattern worked best on Asian Paints?
In our count the obv bullish divergence reached its target first most often on Asian Paints: 48% of 23 cases. No pattern works every time; past odds are not a forecast.
Which candlestick pattern works best on Asian Paints?
The bullish engulfing: target first 45% of 20 times on Asian Paints.
How were these numbers counted?
Every case enters at the signal candle's close with a target 1.5 × ATR(14) away and a stop 1 × ATR(14) away, and gets 12 candles to reach one of them. Only clean stretches of real sessions are used.