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Bank Nifty chart patterns
We ran 54 candlestick patterns, chart patterns and indicator signals over Bank Nifty (daily candles from January 2015 and hourly candles from October 2024) and counted 2,562 cases. Here is how often each one reached its target before its stop.
Best on Bank Nifty: tweezer bottom (62% of 21), bullish engulfing (54% of 26), ema 9/21 bearish cross (45% of 93). Weakest: fibonacci bounce down (18% of 51), bearish marubozu (27% of 22), rsi overbought drop (30% of 73). 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 |
|---|---|---|---|---|
| Tweezer bottom | 21 | 62% | 38% | 0% |
| Bullish engulfing | 26 | 54% | 35% | 12% |
| EMA 9/21 bearish cross | 93 | 45% | 55% | 0% |
| MACD bullish cross | 99 | 41% | 55% | 4% |
| Bullish marubozu | 27 | 41% | 59% | 0% |
| Tweezer top | 20 | 40% | 55% | 5% |
| Stochastic bullish cross | 191 | 40% | 59% | 2% |
| EMA 9/21 bullish cross | 94 | 39% | 53% | 7% |
| MACD bearish cross | 115 | 37% | 58% | 5% |
| RSI oversold bounce | 69 | 36% | 55% | 9% |
| Gap down | 127 | 36% | 63% | 1% |
| Stochastic bearish cross | 243 | 36% | 60% | 4% |
| Bollinger breakout up | 28 | 36% | 57% | 7% |
| Bullish harami | 23 | 35% | 61% | 4% |
| Bearish engulfing | 26 | 35% | 62% | 4% |
| Gap up | 129 | 32% | 60% | 8% |
| RSI overbought drop | 73 | 30% | 64% | 5% |
| Bearish marubozu | 22 | 27% | 68% | 5% |
| Fibonacci bounce down | 51 | 18% | 82% | 0% |
Neutral patterns
| Pattern | Found | Broke up | Broke down | Stayed inside |
|---|---|---|---|---|
| Inside bar | 548 | 54% | 46% | 1% |
| Doji | 112 | 54% | 46% | 0% |
| Spinning top | 160 | 43% | 56% | 1% |
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 Bank Nifty 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 Bank Nifty?
In our count the tweezer bottom reached its target first most often on Bank Nifty: 62% of 21 cases. No pattern works every time; past odds are not a forecast.
Which candlestick pattern works best on Bank Nifty?
The tweezer bottom: target first 62% of 21 times on Bank Nifty.
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.