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Indian stock market · candlestick pattern

Spinning top on HCLTech

On HCLTech the spinning top showed up 221 times. Within 12 candles price broke up 57% of the time, broke down 40% and stayed inside 3%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily10659%38%3%
Hourly11554%43%3%

HCLTech against the rest

ChartsFoundBroke upBroke downStayed inside
HCLTech22157%40%3%
All Indian stock market charts12,55651%47%2%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
20161050%50%
20171650%50%
20181346%46%
2019850%50%
20201479%21%
20211457%29%
20221070%30%
2023888%12%
20241377%23%
20257447%50%
20264159%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 HCLTech

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Doji · Volume profile rejection · MACD bearish cross · MACD bullish cross · Volume profile bounce · 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 HCLTech?

In 221 cases on HCLTech, price broke up 57% of the time, broke down 40% and stayed inside 3% within 12 candles.

What is the spinning top?

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