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Indian stock market · candlestick pattern

Spinning top on ICICI Bank

On ICICI Bank the spinning top showed up 233 times. Within 12 candles price broke up 51% of the time, broke down 48% and stayed inside 1%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily10054%46%0%
Hourly13348%50%2%

ICICI Bank against the rest

ChartsFoundBroke upBroke downStayed inside
ICICI Bank23351%48%1%
All Indian stock market charts12,55651%47%2%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
2016560%40%
2017825%75%
20181450%50%
2019560%40%
2020520%80%
20211471%29%
20221164%36%
20231464%36%
20241765%35%
20259048%50%
20265044%56%

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 spinning top is

Small body, wicks on both sides. Nobody is in charge.

A spinning top toy whirls fast but stays in one spot. This candle is the same: price ran up and down a lot, but it ended close to where it began. Buyers and sellers were both busy, and neither took charge.

The full spinning top lesson, video and quiz ›

Other patterns on ICICI Bank

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

The spinning top 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 spinning top work on ICICI Bank?

In 233 cases on ICICI Bank, price broke up 51% of the time, broke down 48% and stayed inside 1% within 12 candles.

What is the spinning top?

Small body, wicks on both sides. Nobody is in charge.