Bank Nifty vs HDFC Bank

We counted the same 15 buy and sell setups on both. Taken together, the target came first 37% of the time on Bank Nifty and 38% on HDFC Bank. Pattern by pattern, Bank Nifty did better in 7 and HDFC Bank in 6.

An average day's range (high to low) over the last 250 daily candles: Bank Nifty 1.16%, HDFC Bank 1.71%. HDFC Bank moves about 1.5 times as much in a normal day, so a stop set by ATR sits further from the entry.

Target first, pattern by pattern

Pattern	Bank Nifty	HDFC Bank
Stochastic bearish cross	36% of 243	38% of 246
Stochastic bullish cross	40% of 191	37% of 218
Gap down	36% of 127	36% of 135
Gap up	32% of 129	38% of 120
MACD bearish cross	37% of 115	33% of 132
MACD bullish cross	41% of 99	38% of 112
EMA 9/21 bullish cross	39% of 94	41% of 111
EMA 9/21 bearish cross	45% of 93	38% of 111
RSI overbought drop	30% of 73	39% of 85
RSI oversold bounce	36% of 69	36% of 58
Fibonacci bounce down	18% of 51	52% of 25
Bullish marubozu	41% of 27	36% of 36
Bullish engulfing	54% of 26	48% of 29
Bearish engulfing	35% of 26	31% of 29
Bollinger breakout up	36% of 28	41% of 27

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.

Every pattern on Bank Nifty › Every pattern on HDFC Bank ›

Questions

Which is better for patterns, Bank Nifty or HDFC Bank?

In our count the target came first 37% of the time on Bank Nifty and 38% on HDFC Bank, across the same 15 setups. Neither is reliable on its own: most setups hit the stop first on both. Past data, not a forecast.

Which moves more in a day, Bank Nifty or HDFC Bank?

Over the last 250 daily candles the average day's range was 1.16% for Bank Nifty and 1.71% for HDFC Bank.