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Indian stock market · indicator signal

Volume profile rejection on Canara Bank

On Canara Bank the volume profile rejection showed up 142 times. The target came first 39% of the time, the stop 54%, and 8% 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
Daily8439%51%10%
Hourly5838%57%5%

Canara Bank against the rest

ChartsFoundTarget firstStop firstWent nowhere
Canara Bank14239%54%8%
All Indian stock market charts9,05637%58%5%
Every market63,35937%56%7%

Year by year

YearFoundTarget firstStop first
2016425%25%
20171040%40%
20181567%33%
20191164%36%
20201136%45%
2021520%80%
2022540%60%
2023825%62%
20241136%64%
20253330%64%
20262934%59%

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 rejection is

Price rose back to the price where the most trading happened, and turned down.

Imagine walking back up to the busiest stall on a market street, only to find a crowd blocking the way, so you turn back. A volume profile rejection is when price rises back to or near the point of control, the price with the most trading, and gets pushed down again.

The full volume profile rejection lesson, video and quiz ›

Other patterns on Canara Bank

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

The volume profile rejection 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 rejection work on Canara Bank?

In 142 cases on Canara Bank, the target (1.5 × ATR) came before the stop (1 × ATR) 39% of the time and the stop came first 54%; 8% went nowhere within 12 candles.

What is the volume profile rejection?

Price rose back to the price where the most trading happened, and turned down.