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Indian stock market · candlestick pattern

Inside bar on Hindalco

On Hindalco the inside bar showed up 700 times. Within 12 candles price broke up 52% of the time, broke down 48% and stayed inside 0%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily23549%51%0%
Hourly46553%46%1%

Hindalco against the rest

ChartsFoundBroke upBroke downStayed inside
Hindalco70052%48%0%
All Indian stock market charts44,42152%47%1%
Every market274,73650%48%2%

Year by year

YearFoundBroke upBroke down
20162756%44%
20172658%42%
20182335%65%
20191839%61%
20202646%54%
20213749%51%
20222050%50%
20232245%55%
20241560%40%
202530054%45%
202618651%49%

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 inside bar is

A candle fully inside the one before. The market is coiling.

Think of a small box that fits inside a bigger box. An inside bar is a candle whose whole range, wicks and all, fits inside the candle before it. Price is resting in a smaller space, like a spring being squeezed.

The full inside bar lesson, video and quiz ›

Other patterns on Hindalco

Stochastic bearish cross · Stochastic bullish cross · Spinning top · MACD bearish cross · Doji · Volume profile rejection · Gap up · RSI overbought drop · EMA 9/21 bullish cross · EMA 9/21 bearish cross · all of them

The inside bar elsewhere

Sensex · Nifty 50 · Bank Nifty · Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · ICICI Bank · State Bank of India · Shriram Finance · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the inside bar work on Hindalco?

In 700 cases on Hindalco, price broke up 52% of the time, broke down 48% and stayed inside 0% within 12 candles.

What is the inside bar?

A candle fully inside the one before. The market is coiling.