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Indian stock market · indicator signal

Bollinger breakout up on ITC

On ITC the bollinger breakout up showed up 31 times. The target came first 32% of the time, the stop 65%, and 3% 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
Daily1937%63%0%
Hourly1225%67%8%

ITC against the rest

ChartsFoundTarget firstStop firstWent nowhere
ITC3132%65%3%
All Indian stock market charts1,60342%56%2%
Every market11,28739%58%3%

Year by year

YearFoundTarget firstStop first
2016450%50%
201830%100%
2021367%33%
2022367%33%
20251225%67%
202630%100%

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 bollinger breakout up is

After a tight squeeze, price closed above the upper band.

Squeeze a spring tight and let go, and it jumps. Bollinger Bands are lines that hug the price, getting narrow when things are calm and wide when things get wild. After a tight squeeze, a close above the top band is like the spring jumping up.

The full bollinger breakout 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 bollinger breakout up elsewhere

Sensex · Bank Nifty · Bharti Airtel · Infosys · Mahindra & Mahindra · ICICI Bank · Hindalco · State Bank of India · Shriram Finance · Tata Power · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Ethereum

Questions

How often does the bollinger breakout up work on ITC?

In 31 cases on ITC, the target (1.5 × ATR) came before the stop (1 × ATR) 32% of the time and the stop came first 65%; 3% went nowhere within 12 candles.

What is the bollinger breakout up?

After a tight squeeze, price closed above the upper band.