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Indian stock market · candlestick pattern

Doji on Bajaj Finance

On Bajaj Finance the doji showed up 156 times. Within 12 candles price broke up 60% of the time, broke down 38% and stayed inside 1%.

Counted on Bajaj Finance: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily6860%38%1%
Hourly8860%39%1%

Bajaj Finance against the rest

ChartsFoundBroke upBroke downStayed inside
Bajaj Finance15660%38%1%
All Indian stock market charts10,06650%48%1%
Every market69,19749%49%3%

Year by year

YearFoundBroke upBroke down
20161164%36%
2017786%14%
2018967%22%
2019520%80%
2020425%75%
20211060%40%
2022650%50%
2023862%38%
2024729%71%
20255467%31%
20263560%40%

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 doji is

Open and close are almost equal. Buyers and sellers are in a tie.

Picture a tug of war where both teams pull hard, but when the whistle blows the flag is right back in the middle. A doji candle is that tie: price moved up and down, but it closed almost exactly where it opened. Nobody won this round.

The full doji lesson, video and quiz ›

Other patterns on Bajaj Finance

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

The doji elsewhere

Sensex · Nifty 50 · Bank Nifty · Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · ICICI Bank · Hindalco · State Bank of India · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the doji work on Bajaj Finance?

In 156 cases on Bajaj Finance, price broke up 60% of the time, broke down 38% and stayed inside 1% within 12 candles.

What is the doji?

Open and close are almost equal. Buyers and sellers are in a tie.