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Indian stock market · candlestick pattern

Spinning top on Infosys

On Infosys the spinning top showed up 205 times. Within 12 candles price broke up 55% of the time, broke down 42% and stayed inside 3%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily9961%36%3%
Hourly10650%47%3%

Infosys against the rest

ChartsFoundBroke upBroke downStayed inside
Infosys20555%42%3%
All Indian stock market charts12,55651%47%2%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
20161155%36%
20171362%38%
20181675%19%
20191747%53%
20201080%10%
2021786%14%
2022450%50%
2023667%33%
20241471%29%
20256146%49%
20264646%54%

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 Infosys

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

The spinning top elsewhere

Sensex · Nifty 50 · Bank Nifty · Bharti Airtel · Mahindra & Mahindra · Coal India · ICICI Bank · 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 Infosys?

In 205 cases on Infosys, price broke up 55% of the time, broke down 42% and stayed inside 3% within 12 candles.

What is the spinning top?

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