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Indian stock market · indicator signal

Bollinger breakout up on BHEL

On BHEL the bollinger breakout up showed up 25 times. The target came first 44% of the time, the stop 52%, and 4% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1242%58%0%
Hourly1346%46%8%

BHEL against the rest

ChartsFoundTarget firstStop firstWent nowhere
BHEL2544%52%4%
All Indian stock market charts1,60342%56%2%
Every market11,28739%58%3%

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 bollinger breakout up is

After a tight squeeze, price closed above the upper band.

Squeeze a spring tight and let go, and it jumps. Bollinger Bands are lines that hug the price, getting narrow when things are calm and wide when things get wild. After a tight squeeze, a close above the top band is like the spring jumping up.

The full bollinger breakout up lesson, video and quiz ›

Other patterns on BHEL

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

The bollinger breakout up elsewhere

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

Questions

How often does the bollinger breakout up work on BHEL?

In 25 cases on BHEL, the target (1.5 × ATR) came before the stop (1 × ATR) 44% of the time and the stop came first 52%; 4% went nowhere within 12 candles.

What is the bollinger breakout up?

After a tight squeeze, price closed above the upper band.