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Indian stock market · candlestick pattern

Doji on ICICI Bank

On ICICI Bank the doji showed up 179 times. Within 12 candles price broke up 49% of the time, broke down 49% and stayed inside 2%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily7345%53%1%
Hourly10652%46%2%

ICICI Bank against the rest

ChartsFoundBroke upBroke downStayed inside
ICICI Bank17949%49%2%
All Indian stock market charts10,06650%48%1%
Every market69,19749%49%3%

Year by year

YearFoundBroke upBroke down
2016757%43%
2017850%50%
2018540%60%
20191040%60%
2020650%50%
20211250%50%
2022875%25%
2023933%56%
2024560%40%
20256346%51%
20264652%48%

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 ICICI Bank

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

The doji elsewhere

Sensex · Nifty 50 · Bank Nifty · Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · Hindalco · 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 doji work on ICICI Bank?

In 179 cases on ICICI Bank, price broke up 49% of the time, broke down 49% and stayed inside 2% within 12 candles.

What is the doji?

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