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Indian stock market · candlestick pattern

Tweezer top on ICICI Bank

On ICICI Bank the tweezer top showed up 30 times. The target came first 40% of the time, the stop 57%, and 3% 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
Daily1631%62%6%
Hourly1450%50%0%

ICICI Bank against the rest

ChartsFoundTarget firstStop firstWent nowhere
ICICI Bank3040%57%3%
All Indian stock market charts1,41736%59%4%
Every market10,99134%58%8%

Year by year

YearFoundTarget firstStop first
201830%67%
20251050%50%
2026475%25%

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 tweezer top is

Two candles hit the same high. That ceiling held twice.

Imagine jumping twice and bumping your head on the same spot of the ceiling both times. A tweezer top is two candles whose highest points land at almost exactly the same price. Buyers hit a ceiling twice, and it held both times.

The full tweezer top 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 tweezer top elsewhere

Bank Nifty · Bharti Airtel · Infosys · Mahindra & Mahindra · State Bank of India · Shriram Finance · Tata Power · Vedanta · Bajaj Finance · Tata Steel · Dow Jones · Sony · GBP/USD · EUR/JPY · Gold · Silver · Ethereum · Bitcoin

Questions

How often does the tweezer top work on ICICI Bank?

In 30 cases on ICICI Bank, the target (1.5 × ATR) came before the stop (1 × ATR) 40% of the time and the stop came first 57%; 3% went nowhere within 12 candles.

What is the tweezer top?

Two candles hit the same high. That ceiling held twice.