Trading Class

Markets › HDFC Life › Doji

Indian stock market · candlestick pattern

Doji on HDFC Life

On HDFC Life the doji showed up 129 times. Within 12 candles price broke up 43% of the time, broke down 55% and stayed inside 2%.

Counted on HDFC Life: daily candles from November 2017 and hourly candles from October 2024.

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily3746%54%0%
Hourly9242%55%2%

HDFC Life against the rest

ChartsFoundBroke upBroke downStayed inside
HDFC Life12943%55%2%
All Indian stock market charts10,06650%48%1%
Every market69,19749%49%3%

Year by year

YearFoundBroke upBroke down
2019450%50%
2020650%50%
2021667%33%
2022450%50%
2023838%62%
20241020%80%
20256244%53%
20262945%55%

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 Life

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Volume profile rejection · MACD bullish cross · Volume profile bounce · MACD bearish cross · EMA 9/21 bearish cross · EMA 9/21 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 Life?

In 129 cases on HDFC Life, price broke up 43% of the time, broke down 55% and stayed inside 2% within 12 candles.

What is the doji?

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