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Indian stock market · candlestick pattern

Tweezer top on Eicher Motors

On Eicher Motors the tweezer top showed up 20 times. The target came first 30% of the time, the stop 65%, and 5% 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
Daily825%62%12%
Hourly1233%67%0%

Eicher Motors against the rest

ChartsFoundTarget firstStop firstWent nowhere
Eicher Motors2030%65%5%
All Indian stock market charts1,41736%59%4%
Every market10,99134%58%8%

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 top is

Two candles hit the same high. That ceiling held twice.

Imagine jumping twice and bumping your head on the same spot of the ceiling both times. A tweezer top is two candles whose highest points land at almost exactly the same price. Buyers hit a ceiling twice, and it held both times.

The full tweezer top 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 top elsewhere

Bank Nifty · Bharti Airtel · Infosys · Mahindra & Mahindra · ICICI Bank · State Bank of India · Shriram Finance · Tata Power · Vedanta · Bajaj Finance · Dow Jones · Sony · GBP/USD · EUR/JPY · Gold · Silver · Ethereum · Bitcoin

Questions

How often does the tweezer top work on Eicher Motors?

In 20 cases on Eicher Motors, the target (1.5 × ATR) came before the stop (1 × ATR) 30% of the time and the stop came first 65%; 5% went nowhere within 12 candles.

What is the tweezer top?

Two candles hit the same high. That ceiling held twice.