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BHEL chart patterns
We ran 58 candlestick patterns, chart patterns and indicator signals over BHEL (daily candles from January 2015 and hourly candles from October 2024) and counted 2,923 cases. Here is how often each one reached its target before its stop.
Best on BHEL: bearish marubozu (55% of 20), shooting star (50% of 22), bullish harami (48% of 33). Weakest: bearish engulfing (28% of 36), fibonacci bounce up (29% of 34), tweezer top (30% of 20). 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 |
|---|---|---|---|---|
| Bearish marubozu | 20 | 55% | 40% | 5% |
| Shooting star | 22 | 50% | 50% | 0% |
| Bullish harami | 33 | 48% | 45% | 6% |
| EMA 9/21 bullish cross | 105 | 46% | 51% | 3% |
| ATR expansion up | 22 | 45% | 55% | 0% |
| MACD bullish cross | 114 | 45% | 52% | 4% |
| Volume profile bounce | 104 | 44% | 54% | 2% |
| Bollinger breakout up | 25 | 44% | 52% | 4% |
| Gap up | 66 | 44% | 52% | 5% |
| EMA 9/21 bearish cross | 105 | 44% | 51% | 5% |
| Bullish engulfing | 26 | 42% | 54% | 4% |
| RSI oversold bounce | 95 | 42% | 53% | 5% |
| Stochastic bullish cross | 241 | 42% | 55% | 3% |
| Volume profile rejection | 117 | 42% | 56% | 3% |
| MACD bearish cross | 111 | 41% | 54% | 5% |
| Gap down | 61 | 39% | 56% | 5% |
| Stochastic bearish cross | 256 | 38% | 58% | 4% |
| RSI overbought drop | 96 | 38% | 59% | 3% |
| Fibonacci bounce down | 60 | 32% | 62% | 7% |
| Bearish harami | 20 | 30% | 70% | 0% |
| Tweezer top | 20 | 30% | 65% | 5% |
| Fibonacci bounce up | 34 | 29% | 62% | 9% |
| Bearish engulfing | 36 | 28% | 69% | 3% |
Neutral patterns
| Pattern | Found | Broke up | Broke down | Stayed inside |
|---|---|---|---|---|
| Inside bar | 599 | 52% | 48% | 1% |
| Doji | 93 | 46% | 54% | 0% |
| Spinning top | 167 | 45% | 54% | 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 BHEL 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 BHEL?
In our count the bearish marubozu reached its target first most often on BHEL: 55% of 20 cases. No pattern works every time; past odds are not a forecast.
Which candlestick pattern works best on BHEL?
The bearish marubozu: target first 55% of 20 times on BHEL.
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.