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Indian stock market · candlestick pattern
Spinning top on Bank Nifty
On Bank Nifty the spinning top showed up 160 times. Within 12 candles price broke up 43% of the time, broke down 56% and stayed inside 1%.
Counted on Bank Nifty: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Broke up | Broke down | Stayed inside |
|---|---|---|---|---|
| Daily | 40 | 40% | 60% | 0% |
| Hourly | 120 | 44% | 55% | 1% |
Bank Nifty against the rest
| Charts | Found | Broke up | Broke down | Stayed inside |
|---|---|---|---|---|
| Bank Nifty | 160 | 43% | 56% | 1% |
| All Indian stock market charts | 12,556 | 51% | 47% | 2% |
| Every market | 88,077 | 49% | 49% | 3% |
Year by year
| Year | Found | Broke up | Broke down |
|---|---|---|---|
| 2017 | 3 | 100% | 0% |
| 2019 | 6 | 50% | 50% |
| 2020 | 3 | 0% | 100% |
| 2021 | 7 | 29% | 71% |
| 2022 | 9 | 44% | 56% |
| 2025 | 80 | 42% | 58% |
| 2026 | 47 | 47% | 51% |
The last 8 times
- 8 Oct 2026, 10:15 IST · hourly · broke down after 2 candles
- 9 Sep 2026, 09:15 IST · hourly · broke up after 3 candles
- 7 Sep 2026, 14:15 IST · hourly · broke down after 2 candles
- 1 Sep 2026 · daily · broke down after 1 candle
- 25 Aug 2026, 09:15 IST · hourly · broke up after 7 candles
- 17 Aug 2026 · daily · broke up after 10 candles
- 10 Aug 2026 · daily · broke down after 1 candle
- 7 Aug 2026, 14:15 IST · hourly · broke up after 2 candles
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 spinning top is
Small body, wicks on both sides. Nobody is in charge.
A spinning top toy whirls fast but stays in one spot. This candle is the same: price ran up and down a lot, but it ended close to where it began. Buyers and sellers were both busy, and neither took charge.
The full spinning top lesson, video and quiz ›
Other patterns on Bank Nifty
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Gap up · Gap down · MACD bearish cross · Doji · MACD bullish cross · EMA 9/21 bullish cross · EMA 9/21 bearish cross · all of them
The spinning top elsewhere
Sensex · Nifty 50 · Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · ICICI Bank · Hindalco · State Bank of India · Shriram Finance · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver
Questions
How often does the spinning top work on Bank Nifty?
In 160 cases on Bank Nifty, price broke up 43% of the time, broke down 56% and stayed inside 1% within 12 candles.
What is the spinning top?
Small body, wicks on both sides. Nobody is in charge.