Trading Class

Markets › Eicher Motors › Spinning top

Indian stock market · candlestick pattern

Spinning top on Eicher Motors

On Eicher Motors the spinning top showed up 161 times. Within 12 candles price broke up 53% of the time, broke down 47% and stayed inside 1%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily7148%52%0%
Hourly9057%42%1%

Eicher Motors against the rest

ChartsFoundBroke upBroke downStayed inside
Eicher Motors16153%47%1%
All Indian stock market charts12,55651%47%2%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
2016560%40%
2017743%57%
2018560%40%
2019333%67%
2020540%60%
20211164%36%
20221354%46%
2023425%75%
2024633%67%
20256751%48%
20263563%37%

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 Eicher Motors

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Doji · 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 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 Eicher Motors?

In 161 cases on Eicher Motors, price broke up 53% of the time, broke down 47% and stayed inside 1% within 12 candles.

What is the spinning top?

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