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Indian stock market · candlestick pattern

Bullish harami on Bank Nifty

On Bank Nifty the bullish harami showed up 23 times. The target came first 35% of the time, the stop 61%, and 4% went nowhere within 12 candles.

Counted on Bank Nifty: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily540%60%0%
Hourly1833%61%6%

Bank Nifty against the rest

ChartsFoundTarget firstStop firstWent nowhere
Bank Nifty2335%61%4%
All Indian stock market charts1,80239%56%5%
Every market11,13534%56%10%

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 bullish harami is

A small candle inside a big red one. Selling is slowing down.

Imagine someone shouting loudly, then suddenly speaking in a whisper. A bullish harami is like that: after a big red candle, the next candle is small and green and fits inside the red body. The sellers' loud push has gone quiet.

The full bullish harami lesson, video and quiz ›

Other patterns on Bank Nifty

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Gap up · Gap down · MACD bearish cross · Doji · MACD bullish cross · EMA 9/21 bullish cross · all of them

The bullish harami elsewhere

Sensex · Nifty 50 · Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · ICICI Bank · State Bank of India · Shriram Finance · Tata Power · Dow Jones · S&P 500 · Nikkei 225 · GBP/USD · EUR/JPY · Silver · Ethereum · Bitcoin

Questions

How often does the bullish harami work on Bank Nifty?

In 23 cases on Bank Nifty, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 61%; 4% went nowhere within 12 candles.

What is the bullish harami?

A small candle inside a big red one. Selling is slowing down.