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Indian stock market · indicator signal

ATR expansion down on Canara Bank

On Canara Bank the atr expansion down showed up 24 times. The target came first 17% of the time, the stop 83%, and 0% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1010%90%0%
Hourly1421%79%0%

Canara Bank against the rest

ChartsFoundTarget firstStop firstWent nowhere
Canara Bank2417%83%0%
All Indian stock market charts1,04440%59%2%
Every market8,28342%55%2%

Year by year

YearFoundTarget firstStop first
202430%100%
20251136%64%
202640%100%

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 atr expansion down is

After a very calm stretch, one big candle broke below the recent range. Calm often comes before a storm.

Think of a still, quiet sky that suddenly fills with a crack of thunder. After a very calm stretch, when ATR is low, an ATR expansion down is one big red candle that drops below the recent range. The calm has broken, and sellers are in front.

The full atr expansion down lesson, video and quiz ›

Other patterns on Canara Bank

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

The atr expansion down elsewhere

Mahindra & Mahindra · Shriram Finance · Tata Power · Hero MotoCorp · Bank of Baroda · Bharat Electronics · Adani Enterprises · Trent · Vodafone Idea · Dow Jones · Sony · GBP/USD · EUR/JPY · Ethereum · Bitcoin

Questions

How often does the atr expansion down work on Canara Bank?

In 24 cases on Canara Bank, the target (1.5 × ATR) came before the stop (1 × ATR) 17% of the time and the stop came first 83%; 0% went nowhere within 12 candles.

What is the atr expansion down?

After a very calm stretch, one big candle broke below the recent range. Calm often comes before a storm.