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Indian stock market · indicator signal

Volume profile rejection on ICICI Bank

On ICICI Bank the volume profile rejection showed up 123 times. The target came first 25% of the time, the stop 70%, and 5% 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
Daily6121%72%7%
Hourly6229%68%3%

ICICI Bank against the rest

ChartsFoundTarget firstStop firstWent nowhere
ICICI Bank12325%70%5%
All Indian stock market charts9,05637%58%5%
Every market63,35937%56%7%

Year by year

YearFoundTarget firstStop first
201630%67%
2017922%67%
2018812%88%
2019520%80%
2020333%67%
2021520%80%
2022367%33%
20231225%67%
20255127%67%
20262223%77%

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 rejection is

Price rose back to the price where the most trading happened, and turned down.

Imagine walking back up to the busiest stall on a market street, only to find a crowd blocking the way, so you turn back. A volume profile rejection is when price rises back to or near the point of control, the price with the most trading, and gets pushed down again.

The full volume profile rejection 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 · MACD bullish cross · Volume profile bounce · all of them

The volume profile rejection 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 rejection work on ICICI Bank?

In 123 cases on ICICI Bank, the target (1.5 × ATR) came before the stop (1 × ATR) 25% of the time and the stop came first 70%; 5% went nowhere within 12 candles.

What is the volume profile rejection?

Price rose back to the price where the most trading happened, and turned down.