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Indian stock market · indicator signal

Bollinger breakout down on Britannia

On Britannia the bollinger breakout down showed up 23 times. The target came first 43% of the time, the stop 52%, and 4% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1443%50%7%
Hourly944%56%0%

Britannia against the rest

ChartsFoundTarget firstStop firstWent nowhere
Britannia2343%52%4%
All Indian stock market charts1,53642%56%2%
Every market11,44941%56%3%

Year by year

YearFoundTarget firstStop first
2019475%0%
2021367%33%
2025540%60%
2026333%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 bollinger breakout down is

After a tight squeeze, price closed below the lower band.

Squeeze a spring tight and it can jump in any direction when you let go. Bollinger Bands squeeze close together when prices are calm. After a tight squeeze, a close below the bottom band is like the spring snapping downward.

The full bollinger breakout down lesson, video and quiz ›

Other patterns on Britannia

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

The bollinger breakout down elsewhere

Sensex · Nifty 50 · Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · Hindalco · State Bank of India · Tata Power · Bajaj Finance · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the bollinger breakout down work on Britannia?

In 23 cases on Britannia, the target (1.5 × ATR) came before the stop (1 × ATR) 43% of the time and the stop came first 52%; 4% went nowhere within 12 candles.

What is the bollinger breakout down?

After a tight squeeze, price closed below the lower band.