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Indian stock market · indicator signal

Stochastic bullish cross on Bank Nifty

On Bank Nifty the stochastic bullish cross showed up 191 times. The target came first 40% of the time, the stop 59%, and 2% 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
Daily4129%68%2%
Hourly15043%56%1%

Bank Nifty against the rest

ChartsFoundTarget firstStop firstWent nowhere
Bank Nifty19140%59%2%
All Indian stock market charts15,19540%55%5%
Every market98,04135%57%8%

Year by year

YearFoundTarget firstStop first
2018729%71%
2019617%83%
2020825%62%
202140%100%
2022540%60%
2024838%62%
20258345%53%
20266941%59%

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 stochastic bullish cross is

Below 20, the fast stochastic line crossed above the slow one.

Imagine a swing that has gone as far back as it can and starts to come forward again. The stochastic is a gauge from 0 to 100 that shows where price closed compared with its recent highs and lows. Below 20 means price is near the bottom of its recent range, and a bullish cross there hints the swing may be turning.

The full stochastic bullish cross lesson, video and quiz ›

Other patterns on Bank Nifty

Inside bar · Stochastic bearish cross · Spinning top · 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 stochastic bullish cross 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 stochastic bullish cross work on Bank Nifty?

In 191 cases on Bank Nifty, the target (1.5 × ATR) came before the stop (1 × ATR) 40% of the time and the stop came first 59%; 2% went nowhere within 12 candles.

What is the stochastic bullish cross?

Below 20, the fast stochastic line crossed above the slow one.