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Indian stock market · indicator signal

Volume profile bounce on Canara Bank

On Canara Bank the volume profile bounce showed up 97 times. The target came first 40% of the time, the stop 57%, and 3% 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
Daily4740%55%4%
Hourly5040%58%2%

Canara Bank against the rest

ChartsFoundTarget firstStop firstWent nowhere
Canara Bank9740%57%3%
All Indian stock market charts6,75339%57%4%
Every market61,33036%58%6%

Year by year

YearFoundTarget firstStop first
2016540%40%
2017367%33%
2018850%50%
2019650%50%
2020560%20%
202140%100%
2022540%60%
2023540%60%
20253339%61%
20262138%57%

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 volume profile bounce is

Price fell back to the price where the most trading happened, and bounced.

Imagine a market stall where most shoppers agreed on a fair price all week. When the price drops back to that fair price, shoppers who know it is a good deal rush in, and the price climbs again. The point of control is the price where the most trading happened, and a volume profile bounce is when price falls back to or near it and bounces up.

The full volume profile bounce 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 volume profile bounce elsewhere

Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · ICICI Bank · Hindalco · State Bank of India · Shriram Finance · Tata Power · Vedanta · Dow Jones · S&P 500 · Sony · Gold · Silver · Ethereum · Bitcoin

Questions

How often does the volume profile bounce work on Canara Bank?

In 97 cases on Canara Bank, the target (1.5 × ATR) came before the stop (1 × ATR) 40% of the time and the stop came first 57%; 3% went nowhere within 12 candles.

What is the volume profile bounce?

Price fell back to the price where the most trading happened, and bounced.