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Indian stock market · candlestick pattern

Tweezer bottom on Bharat Electronics

On Bharat Electronics the tweezer bottom showed up 23 times. The target came first 39% of the time, the stop 57%, and 4% went nowhere within 12 candles.

Counted on Bharat Electronics: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily838%62%0%
Hourly1540%53%7%

Bharat Electronics against the rest

ChartsFoundTarget firstStop firstWent nowhere
Bharat Electronics2339%57%4%
All Indian stock market charts1,24342%51%7%
Every market9,70935%55%11%

Year by year

YearFoundTarget firstStop first
2016333%67%
2025956%44%
2026617%67%

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 tweezer bottom is

Two candles hit the same low. That floor held twice.

Picture a pair of tweezers, with two tips meeting at the very same point. A tweezer bottom is two candles whose lowest points land at almost exactly the same price. Price tested the floor twice, and the floor held both times.

The full tweezer bottom lesson, video and quiz ›

Other patterns on Bharat Electronics

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

The tweezer bottom elsewhere

Sensex · Nifty 50 · Bank Nifty · Infosys · Coal India · ICICI Bank · Tata Power · Grasim · Bajaj Finserv · Bajaj Auto · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Ethereum · Bitcoin

Questions

How often does the tweezer bottom work on Bharat Electronics?

In 23 cases on Bharat Electronics, the target (1.5 × ATR) came before the stop (1 × ATR) 39% of the time and the stop came first 57%; 4% went nowhere within 12 candles.

What is the tweezer bottom?

Two candles hit the same low. That floor held twice.