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Indian stock market · indicator signal

Stochastic bullish cross on BHEL

On BHEL the stochastic bullish cross showed up 241 times. The target came first 42% of the time, the stop 55%, and 3% 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
Daily11337%57%6%
Hourly12846%53%1%

BHEL against the rest

ChartsFoundTarget firstStop firstWent nowhere
BHEL24142%55%3%
All Indian stock market charts15,19540%55%5%
Every market98,04135%57%8%

Year by year

YearFoundTarget firstStop first
20161331%62%
2017933%44%
20181631%69%
20191735%59%
2020944%56%
20211354%46%
20221242%50%
2023838%50%
2024862%38%
20259537%62%
20264159%39%

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 BHEL

Inside bar · Stochastic bearish 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 · RSI overbought drop · all of them

The stochastic bullish cross 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 stochastic bullish cross work on BHEL?

In 241 cases on BHEL, the target (1.5 × ATR) came before the stop (1 × ATR) 42% of the time and the stop came first 55%; 3% went nowhere within 12 candles.

What is the stochastic bullish cross?

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