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Indian stock market · candlestick pattern

Tweezer top on Asian Paints

On Asian Paints the tweezer top showed up 24 times. The target came first 17% of the time, the stop 79%, and 4% went nowhere within 12 candles.

Counted on Asian Paints: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1315%77%8%
Hourly1118%82%0%

Asian Paints against the rest

ChartsFoundTarget firstStop firstWent nowhere
Asian Paints2417%79%4%
All Indian stock market charts1,41736%59%4%
Every market10,99134%58%8%

Year by year

YearFoundTarget firstStop first
2019333%67%
2025812%88%
2026520%80%

The last 8 times

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.

What the tweezer top is

Two candles hit the same high. That ceiling held twice.

Imagine jumping twice and bumping your head on the same spot of the ceiling both times. A tweezer top is two candles whose highest points land at almost exactly the same price. Buyers hit a ceiling twice, and it held both times.

The full tweezer top lesson, video and quiz ›

Other patterns on Asian Paints

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · Volume profile rejection · MACD bearish cross · EMA 9/21 bearish cross · EMA 9/21 bullish cross · MACD bullish cross · all of them

The tweezer top elsewhere

Bank Nifty · Bharti Airtel · Infosys · Mahindra & Mahindra · ICICI Bank · State Bank of India · Shriram Finance · Tata Power · Vedanta · Bajaj Finance · Dow Jones · Sony · GBP/USD · EUR/JPY · Gold · Silver · Ethereum · Bitcoin

Questions

How often does the tweezer top work on Asian Paints?

In 24 cases on Asian Paints, the target (1.5 × ATR) came before the stop (1 × ATR) 17% of the time and the stop came first 79%; 4% went nowhere within 12 candles.

What is the tweezer top?

Two candles hit the same high. That ceiling held twice.