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Indian stock market · indicator signal

Volume profile bounce on ICICI Bank

On ICICI Bank the volume profile bounce showed up 121 times. The target came first 35% of the time, the stop 60%, and 6% 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
Daily4949%47%4%
Hourly7225%68%7%

ICICI Bank against the rest

ChartsFoundTarget firstStop firstWent nowhere
ICICI Bank12135%60%6%
All Indian stock market charts6,75339%57%4%
Every market61,33036%58%6%

Year by year

YearFoundTarget firstStop first
2016367%33%
2017425%50%
2018862%38%
2019333%67%
2020450%50%
2021540%60%
2022786%14%
20241242%58%
20254715%74%
20262737%59%

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 volume profile bounce is

Price fell back to the price where the most trading happened, and bounced.

Imagine a market stall where most shoppers agreed on a fair price all week. When the price drops back to that fair price, shoppers who know it is a good deal rush in, and the price climbs again. The point of control is the price where the most trading happened, and a volume profile bounce is when price falls back to or near it and bounces up.

The full volume profile bounce 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 volume profile bounce elsewhere

Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · Hindalco · State Bank of India · Shriram Finance · Tata Power · Vedanta · Bajaj Finance · Dow Jones · S&P 500 · Sony · Gold · Silver · Ethereum · Bitcoin

Questions

How often does the volume profile bounce work on ICICI Bank?

In 121 cases on ICICI Bank, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 60%; 6% went nowhere within 12 candles.

What is the volume profile bounce?

Price fell back to the price where the most trading happened, and bounced.