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Dr Reddy's chart patterns
We ran 59 candlestick patterns, chart patterns and indicator signals over Dr Reddy's (daily candles from January 2015 and hourly candles from October 2024) and counted 3,086 cases. Here is how often each one reached its target before its stop.
Best on Dr Reddy's: obv bullish divergence (45% of 29), tweezer top (44% of 25), bullish harami (43% of 23). Weakest: fibonacci bounce up (22% of 32), tweezer bottom (24% of 21), rsi oversold bounce (26% of 76). Most patterns hit the stop more often than the target: that is why the app teaches context and risk, not single signals.
Buy and sell setups, ranked
| Pattern | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| OBV bullish divergence | 29 | 45% | 52% | 3% |
| Tweezer top | 25 | 44% | 48% | 8% |
| Bullish harami | 23 | 43% | 39% | 17% |
| MACD bullish cross | 126 | 43% | 52% | 6% |
| Bollinger breakout up | 29 | 41% | 48% | 10% |
| MACD bearish cross | 118 | 41% | 56% | 3% |
| Stochastic bearish cross | 219 | 41% | 55% | 5% |
| Inverted hammer | 25 | 40% | 52% | 8% |
| Gap up | 81 | 40% | 58% | 2% |
| EMA 9/21 bearish cross | 112 | 39% | 59% | 2% |
| EMA 9/21 bullish cross | 110 | 37% | 57% | 5% |
| Stochastic bullish cross | 212 | 37% | 57% | 6% |
| Gap down | 72 | 36% | 53% | 11% |
| Volume profile rejection | 154 | 36% | 55% | 10% |
| Bearish engulfing | 37 | 35% | 57% | 8% |
| Hammer | 22 | 32% | 55% | 14% |
| Volume profile bounce | 121 | 31% | 64% | 5% |
| Fibonacci bounce down | 41 | 29% | 71% | 0% |
| Bullish marubozu | 21 | 29% | 62% | 10% |
| RSI overbought drop | 68 | 28% | 63% | 9% |
| Bearish marubozu | 22 | 27% | 68% | 5% |
| RSI oversold bounce | 76 | 26% | 64% | 9% |
| Tweezer bottom | 21 | 24% | 71% | 5% |
| Fibonacci bounce up | 32 | 22% | 75% | 3% |
Neutral patterns
| Pattern | Found | Broke up | Broke down | Stayed inside |
|---|---|---|---|---|
| Spinning top | 192 | 56% | 43% | 2% |
| Inside bar | 678 | 55% | 44% | 1% |
| Doji | 149 | 46% | 53% | 1% |
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.
Learn to read Dr Reddy's charts
- India: NSE and BSEIn India, shares trade on NSE and BSE from 9:15 until about 3:30, and SEBI is the referee.
- What one candle tells youEvery candle shows four prices: where it started, its highest, its lowest and where it finished.
- Bodies and wicks: the tug of warA big body means one side won; a long wick means a push that got pushed back.
- The hammerA hammer after a fall shows sellers pushed hard but buyers pushed the price back up.
- Rule one: stay in the gameLose half your money and you must double what is left just to get back to the start.
- The stop-loss: decide your exit firstA stop-loss is the price where your idea is wrong, and you choose it before you enter.
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Questions
Which pattern worked best on Dr Reddy's?
In our count the obv bullish divergence reached its target first most often on Dr Reddy's: 45% of 29 cases. No pattern works every time; past odds are not a forecast.
Which candlestick pattern works best on Dr Reddy's?
The tweezer top: target first 44% of 25 times on Dr Reddy's.
How were these numbers counted?
Every case enters at the signal candle's close with a target 1.5 × ATR(14) away and a stop 1 × ATR(14) away, and gets 12 candles to reach one of them. Only clean stretches of real sessions are used.