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Indian stock market · candlestick pattern

Bullish marubozu on ICICI Bank

On ICICI Bank the bullish marubozu showed up 23 times. The target came first 48% of the time, the stop 43%, and 9% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily633%33%33%
Hourly1753%47%0%

ICICI Bank against the rest

ChartsFoundTarget firstStop firstWent nowhere
ICICI Bank2348%43%9%
All Indian stock market charts1,46241%55%4%
Every market12,13438%55%7%

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 bullish marubozu is

A full green body with no wicks. Buyers owned the whole candle.

Imagine a runner who sprints from the start line to the finish line without slowing down once. A bullish marubozu is a big green candle like that: price opened at the bottom and closed at the very top. Buyers were in charge from start to end.

The full bullish marubozu lesson, video and quiz ›

Other patterns on ICICI Bank

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

The bullish marubozu elsewhere

Sensex · Nifty 50 · Bank Nifty · Infosys · Mahindra & Mahindra · Coal India · Hindalco · Shriram Finance · Vedanta · Bajaj Finance · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the bullish marubozu work on ICICI Bank?

In 23 cases on ICICI Bank, the target (1.5 × ATR) came before the stop (1 × ATR) 48% of the time and the stop came first 43%; 9% went nowhere within 12 candles.

What is the bullish marubozu?

A full green body with no wicks. Buyers owned the whole candle.