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Indian stock market · candlestick pattern

Tweezer bottom on Eicher Motors

On Eicher Motors the tweezer bottom showed up 20 times. The target came first 50% of the time, the stop 40%, and 10% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily580%0%20%
Hourly1540%53%7%

Eicher Motors against the rest

ChartsFoundTarget firstStop firstWent nowhere
Eicher Motors2050%40%10%
All Indian stock market charts1,24342%51%7%
Every market9,70935%55%11%

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 tweezer bottom is

Two candles hit the same low. That floor held twice.

Picture a pair of tweezers, with two tips meeting at the very same point. A tweezer bottom is two candles whose lowest points land at almost exactly the same price. Price tested the floor twice, and the floor held both times.

The full tweezer bottom lesson, video and quiz ›

Other patterns on Eicher Motors

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

The tweezer bottom elsewhere

Sensex · Nifty 50 · Bank Nifty · Infosys · Coal India · ICICI Bank · Tata Power · Grasim · Bajaj Finserv · Bajaj Auto · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Ethereum · Bitcoin

Questions

How often does the tweezer bottom work on Eicher Motors?

In 20 cases on Eicher Motors, the target (1.5 × ATR) came before the stop (1 × ATR) 50% of the time and the stop came first 40%; 10% went nowhere within 12 candles.

What is the tweezer bottom?

Two candles hit the same low. That floor held twice.