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Indian stock market · candlestick pattern

Spinning top on HDFC Bank

On HDFC Bank the spinning top showed up 186 times. Within 12 candles price broke up 55% of the time, broke down 43% and stayed inside 2%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily9157%42%1%
Hourly9554%44%2%

HDFC Bank against the rest

ChartsFoundBroke upBroke downStayed inside
HDFC Bank18655%43%2%
All Indian stock market charts12,55651%47%2%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
20161354%46%
20171889%11%
20181070%30%
2019743%57%
2020838%62%
2021757%43%
2022956%33%
2023425%75%
20241010%90%
20257355%42%
20262759%41%

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 HDFC Bank

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Doji · Gap down · MACD bearish cross · Volume profile rejection · Gap up · Volume profile bounce · MACD bullish 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 HDFC Bank?

In 186 cases on HDFC Bank, price broke up 55% of the time, broke down 43% and stayed inside 2% within 12 candles.

What is the spinning top?

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