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HDFC Bank chart patterns
We ran 59 candlestick patterns, chart patterns and indicator signals over HDFC Bank (daily candles from January 2015 and hourly candles from September 2024) and counted 3,133 cases. Here is how often each one reached its target before its stop.
Best on HDFC Bank: fibonacci bounce up (54% of 35), fibonacci bounce down (52% of 25), bullish engulfing (48% of 29). Weakest: bearish harami (29% of 21), bearish engulfing (31% of 29), macd bearish cross (33% of 132). Most patterns hit the stop more often than the target: that is why the app teaches context and risk, not single signals.
Buy and sell setups, ranked
| Pattern | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Fibonacci bounce up | 35 | 54% | 43% | 3% |
| Fibonacci bounce down | 25 | 52% | 48% | 0% |
| Bullish engulfing | 29 | 48% | 48% | 3% |
| EMA 9/21 bullish cross | 111 | 41% | 52% | 6% |
| Shooting star | 27 | 41% | 56% | 4% |
| Bollinger breakout up | 27 | 41% | 59% | 0% |
| RSI overbought drop | 85 | 39% | 59% | 2% |
| Gap up | 120 | 38% | 55% | 7% |
| Stochastic bearish cross | 246 | 38% | 56% | 6% |
| EMA 9/21 bearish cross | 111 | 38% | 59% | 3% |
| MACD bullish cross | 112 | 38% | 62% | 1% |
| Stochastic bullish cross | 218 | 37% | 60% | 3% |
| Gap down | 135 | 36% | 59% | 4% |
| RSI oversold bounce | 58 | 36% | 57% | 7% |
| Bullish marubozu | 36 | 36% | 61% | 3% |
| Volume profile bounce | 117 | 36% | 61% | 3% |
| Volume profile rejection | 126 | 35% | 63% | 2% |
| MACD bearish cross | 132 | 33% | 61% | 6% |
| Bearish engulfing | 29 | 31% | 66% | 3% |
| Bearish harami | 21 | 29% | 71% | 0% |
Neutral patterns
| Pattern | Found | Broke up | Broke down | Stayed inside |
|---|---|---|---|---|
| Spinning top | 186 | 55% | 43% | 2% |
| Inside bar | 672 | 55% | 44% | 1% |
| Doji | 155 | 46% | 54% | 1% |
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.
Learn to read HDFC Bank charts
- India: NSE and BSEIn India, shares trade on NSE and BSE from 9:15 until about 3:30, and SEBI is the referee.
- What one candle tells youEvery candle shows four prices: where it started, its highest, its lowest and where it finished.
- Bodies and wicks: the tug of warA big body means one side won; a long wick means a push that got pushed back.
- The hammerA hammer after a fall shows sellers pushed hard but buyers pushed the price back up.
- Rule one: stay in the gameLose half your money and you must double what is left just to get back to the start.
- The stop-loss: decide your exit firstA stop-loss is the price where your idea is wrong, and you choose it before you enter.
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Questions
Which pattern worked best on HDFC Bank?
In our count the fibonacci bounce up reached its target first most often on HDFC Bank: 54% of 35 cases. No pattern works every time; past odds are not a forecast.
Which candlestick pattern works best on HDFC Bank?
The bullish engulfing: target first 48% of 29 times on HDFC Bank.
How were these numbers counted?
Every case enters at the signal candle's close with a target 1.5 × ATR(14) away and a stop 1 × ATR(14) away, and gets 12 candles to reach one of them. Only clean stretches of real sessions are used.