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Indian stock market · indicator signal

ATR expansion up on ITC

On ITC the atr expansion up showed up 23 times. The target came first 48% of the time, the stop 52%, and 0% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1145%55%0%
Hourly1250%50%0%

ITC against the rest

ChartsFoundTarget firstStop firstWent nowhere
ITC2348%52%0%
All Indian stock market charts1,21844%54%2%
Every market8,14840%58%2%

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 atr expansion up is

After a very calm stretch, one big candle broke above the recent range. Calm often comes before a storm.

Think of the quiet before a thunderstorm: the air goes still, then a sudden gust arrives. ATR measures how big candles have been lately, so a very low ATR means the market has gone quiet. An ATR expansion up is when, after that calm, one big green candle bursts above the recent range.

The full atr expansion up lesson, video and quiz ›

Other patterns on ITC

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

The atr expansion up elsewhere

Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · Shriram Finance · Tata Power · Bajaj Finance · Bajaj Auto · Punjab National Bank · Titan · Nikkei 225 · GBP/USD · EUR/JPY · Ethereum · Bitcoin

Questions

How often does the atr expansion up work on ITC?

In 23 cases on ITC, the target (1.5 × ATR) came before the stop (1 × ATR) 48% of the time and the stop came first 52%; 0% went nowhere within 12 candles.

What is the atr expansion up?

After a very calm stretch, one big candle broke above the recent range. Calm often comes before a storm.