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ICICI Bank chart patterns
We ran 58 candlestick patterns, chart patterns and indicator signals over ICICI Bank (daily candles from January 2015 and hourly candles from September 2024) and counted 3,256 cases. Here is how often each one reached its target before its stop.
Best on ICICI Bank: bearish engulfing (54% of 28), tweezer bottom (50% of 22), obv bullish divergence (50% of 20). Weakest: fibonacci bounce up (15% of 41), fibonacci bounce down (22% of 41), volume profile rejection (25% of 123). 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 |
|---|---|---|---|---|
| Bearish engulfing | 28 | 54% | 43% | 4% |
| Tweezer bottom | 22 | 50% | 41% | 9% |
| OBV bullish divergence | 20 | 50% | 50% | 0% |
| Bullish engulfing | 33 | 48% | 45% | 6% |
| Bullish marubozu | 23 | 48% | 43% | 9% |
| Bullish harami | 24 | 46% | 50% | 4% |
| Stochastic bullish cross | 224 | 42% | 55% | 2% |
| RSI overbought drop | 92 | 41% | 52% | 7% |
| MACD bullish cross | 121 | 40% | 55% | 4% |
| Tweezer top | 30 | 40% | 57% | 3% |
| MACD bearish cross | 129 | 39% | 56% | 5% |
| RSI oversold bounce | 70 | 39% | 57% | 4% |
| Bearish harami | 21 | 38% | 57% | 5% |
| EMA 9/21 bullish cross | 118 | 37% | 59% | 3% |
| Volume profile bounce | 121 | 35% | 60% | 6% |
| Stochastic bearish cross | 273 | 34% | 60% | 5% |
| Gap down | 128 | 32% | 66% | 2% |
| Bollinger breakout up | 20 | 30% | 70% | 0% |
| Gap up | 124 | 29% | 65% | 6% |
| EMA 9/21 bearish cross | 119 | 29% | 69% | 3% |
| Hanging man | 22 | 27% | 59% | 14% |
| Volume profile rejection | 123 | 25% | 70% | 5% |
| Fibonacci bounce down | 41 | 22% | 76% | 2% |
| Fibonacci bounce up | 41 | 15% | 80% | 5% |
Neutral patterns
| Pattern | Found | Broke up | Broke down | Stayed inside |
|---|---|---|---|---|
| Inside bar | 621 | 51% | 48% | 0% |
| Spinning top | 233 | 51% | 48% | 1% |
| Doji | 179 | 49% | 49% | 2% |
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 ICICI 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 ICICI Bank?
In our count the bearish engulfing reached its target first most often on ICICI Bank: 54% of 28 cases. No pattern works every time; past odds are not a forecast.
Which candlestick pattern works best on ICICI Bank?
The bearish engulfing: target first 54% of 28 times on ICICI 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.