Indian stock market · candlestick pattern
Spinning top on BHEL
On BHEL the spinning top showed up 167 times. Within 12 candles price broke up 45% of the time, broke down 54% and stayed inside 1%.
Counted on BHEL: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Broke up | Broke down | Stayed inside |
|---|---|---|---|---|
| Daily | 78 | 46% | 53% | 1% |
| Hourly | 89 | 44% | 55% | 1% |
BHEL against the rest
| Charts | Found | Broke up | Broke down | Stayed inside |
|---|---|---|---|---|
| BHEL | 167 | 45% | 54% | 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 |
|---|---|---|---|
| 2016 | 10 | 20% | 80% |
| 2017 | 16 | 50% | 50% |
| 2018 | 11 | 64% | 36% |
| 2019 | 5 | 40% | 60% |
| 2020 | 6 | 50% | 33% |
| 2021 | 7 | 43% | 57% |
| 2022 | 6 | 67% | 33% |
| 2023 | 6 | 67% | 33% |
| 2024 | 7 | 14% | 86% |
| 2025 | 60 | 40% | 60% |
| 2026 | 33 | 52% | 45% |
The last 8 times
- 28 Jul 2026, 10:15 IST · hourly · broke up after 6 candles
- 23 Jul 2026, 09:15 IST · hourly · broke down after 3 candles
- 17 Jul 2026, 09:15 IST · hourly · broke down after 2 candles
- 8 Jul 2026, 14:15 IST · hourly · broke up after 2 candles
- 24 Jun 2026, 09:15 IST · hourly · stayed inside
- 9 Jun 2026, 10:15 IST · hourly · broke up after 2 candles
- 3 Jun 2026, 10:15 IST · hourly · broke down after 1 candle
- 26 May 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 BHEL
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Volume profile rejection · MACD bullish cross · MACD bearish cross · EMA 9/21 bullish cross · EMA 9/21 bearish cross · Volume profile bounce · RSI overbought drop · all of them
The spinning top elsewhere
Sensex · Nifty 50 · Bank Nifty · Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · ICICI Bank · Hindalco · State Bank of India · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver
Questions
How often does the spinning top work on BHEL?
In 167 cases on BHEL, price broke up 45% of the time, broke down 54% and stayed inside 1% within 12 candles.
What is the spinning top?
Small body, wicks on both sides. Nobody is in charge.