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Indian stock market · indicator signal

OBV bullish divergence on Grasim

On Grasim the obv bullish divergence showed up 20 times. The target came first 40% of the time, the stop 50%, and 10% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily729%43%29%
Hourly1346%54%0%

Grasim against the rest

ChartsFoundTarget firstStop firstWent nowhere
Grasim2040%50%10%
All Indian stock market charts1,29542%53%5%
Every market8,28036%55%9%

Year by year

YearFoundTarget firstStop first
2017367%33%
2025540%60%
2026850%50%

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 obv bullish divergence is

Price made a lower low, but volume flow made a higher low. Sellers were running out of force.

Imagine a tug of war where one team pulls the rope lower, but fewer and fewer people are pulling with them. OBV counts how much trading pushes price up versus down. A bullish divergence is when price makes a lower low, but OBV does not follow it down.

The full obv bullish divergence lesson, video and quiz ›

Other patterns on Grasim

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

The obv bullish divergence elsewhere

Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · ICICI Bank · Hindalco · Vedanta · Bajaj Finance · Bajaj Finserv · Bajaj Auto · Sony · Ethereum · Bitcoin

Questions

How often does the obv bullish divergence work on Grasim?

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

What is the obv bullish divergence?

Price made a lower low, but volume flow made a higher low. Sellers were running out of force.