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Indian stock market · candlestick pattern

Doji on HDFC Bank

On HDFC Bank the doji showed up 155 times. Within 12 candles price broke up 46% of the time, broke down 54% and stayed inside 1%.

Counted on HDFC Bank: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily6055%43%2%
Hourly9540%60%0%

HDFC Bank against the rest

ChartsFoundBroke upBroke downStayed inside
HDFC Bank15546%54%1%
All Indian stock market charts10,06650%48%1%
Every market69,19749%49%3%

Year by year

YearFoundBroke upBroke down
2016520%80%
2017888%12%
2018540%60%
2019967%33%
2020333%67%
2021956%44%
2022540%60%
2023617%67%
2024944%56%
20255744%56%
20263944%56%

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 doji is

Open and close are almost equal. Buyers and sellers are in a tie.

Picture a tug of war where both teams pull hard, but when the whistle blows the flag is right back in the middle. A doji candle is that tie: price moved up and down, but it closed almost exactly where it opened. Nobody won this round.

The full doji lesson, video and quiz ›

Other patterns on HDFC Bank

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Gap down · MACD bearish cross · Volume profile rejection · Gap up · Volume profile bounce · MACD bullish cross · all of them

The doji 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 doji work on HDFC Bank?

In 155 cases on HDFC Bank, price broke up 46% of the time, broke down 54% and stayed inside 1% within 12 candles.

What is the doji?

Open and close are almost equal. Buyers and sellers are in a tie.