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Indian stock market · candlestick pattern

Doji on Cipla

On Cipla the doji showed up 159 times. Within 12 candles price broke up 50% of the time, broke down 47% and stayed inside 4%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily6655%42%3%
Hourly9346%49%4%

Cipla against the rest

ChartsFoundBroke upBroke downStayed inside
Cipla15950%47%4%
All Indian stock market charts10,06650%48%1%
Every market69,19749%49%3%

Year by year

YearFoundBroke upBroke down
2016862%38%
20171275%17%
2018650%50%
2019838%50%
2021729%71%
2022743%57%
20236100%0%
2024862%38%
20256645%48%
20262945%55%

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 doji is

Open and close are almost equal. Buyers and sellers are in a tie.

Picture a tug of war where both teams pull hard, but when the whistle blows the flag is right back in the middle. A doji candle is that tie: price moved up and down, but it closed almost exactly where it opened. Nobody won this round.

The full doji lesson, video and quiz ›

Other patterns on Cipla

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

The doji 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 doji work on Cipla?

In 159 cases on Cipla, price broke up 50% of the time, broke down 47% and stayed inside 4% within 12 candles.

What is the doji?

Open and close are almost equal. Buyers and sellers are in a tie.