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Indian stock market · indicator signal

OBV bearish divergence on IndusInd Bank

On IndusInd Bank the obv bearish divergence showed up 23 times. The target came first 26% of the time, the stop 74%, and 0% went nowhere within 12 candles.

Counted on IndusInd Bank: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1118%82%0%
Hourly1233%67%0%

IndusInd Bank against the rest

ChartsFoundTarget firstStop firstWent nowhere
IndusInd Bank2326%74%0%
All Indian stock market charts1,11038%58%3%
Every market8,77437%55%8%

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 obv bearish divergence is

Price made a higher high, but volume flow made a lower high. Buyers were running out of force.

Imagine climbing higher up a hill while fewer and fewer friends keep climbing with you. You are higher, but with less support behind you. An OBV bearish divergence is when price makes a higher high, but OBV, the running total of volume flow, does not follow it up.

The full obv bearish divergence lesson, video and quiz ›

Other patterns on IndusInd Bank

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · MACD bearish cross · Volume profile bounce · Volume profile rejection · MACD bullish cross · EMA 9/21 bullish cross · all of them

The obv bearish divergence elsewhere

Bharti Airtel · Infosys · Coal India · Hindalco · Vedanta · Tata Steel · Bajaj Finserv · Bajaj Auto · Kotak Mahindra Bank · TCS · S&P 500 · Ethereum · Bitcoin

Questions

How often does the obv bearish divergence work on IndusInd Bank?

In 23 cases on IndusInd Bank, the target (1.5 × ATR) came before the stop (1 × ATR) 26% of the time and the stop came first 74%; 0% went nowhere within 12 candles.

What is the obv bearish divergence?

Price made a higher high, but volume flow made a lower high. Buyers were running out of force.