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Indian stock market · candlestick pattern

Spinning top on Cipla

On Cipla the spinning top showed up 215 times. Within 12 candles price broke up 46% of the time, broke down 53% and stayed inside 1%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily10047%51%2%
Hourly11545%54%1%

Cipla against the rest

ChartsFoundBroke upBroke downStayed inside
Cipla21546%53%1%
All Indian stock market charts12,55651%47%2%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
20161553%47%
20171040%50%
2018967%33%
20191436%64%
20204100%0%
2021967%33%
20221953%42%
2023825%75%
20241020%80%
20256951%49%
20264835%62%

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 spinning top is

Small body, wicks on both sides. Nobody is in charge.

A spinning top toy whirls fast but stays in one spot. This candle is the same: price ran up and down a lot, but it ended close to where it began. Buyers and sellers were both busy, and neither took charge.

The full spinning top lesson, video and quiz ›

Other patterns on Cipla

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

The spinning top 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 spinning top work on Cipla?

In 215 cases on Cipla, price broke up 46% of the time, broke down 53% and stayed inside 1% within 12 candles.

What is the spinning top?

Small body, wicks on both sides. Nobody is in charge.