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Markets › ITC › Tweezer top

Indian stock market · candlestick pattern

Tweezer top on ITC

On ITC the tweezer top showed up 24 times. The target came first 25% of the time, the stop 50%, and 25% 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
Daily812%38%50%
Hourly1631%56%12%

ITC against the rest

ChartsFoundTarget firstStop firstWent nowhere
ITC2425%50%25%
All Indian stock market charts1,41736%59%4%
Every market10,99134%58%8%

Year by year

YearFoundTarget firstStop first
201830%67%
20251127%73%
2026540%20%

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 tweezer top is

Two candles hit the same high. That ceiling held twice.

Imagine jumping twice and bumping your head on the same spot of the ceiling both times. A tweezer top is two candles whose highest points land at almost exactly the same price. Buyers hit a ceiling twice, and it held both times.

The full tweezer top 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 tweezer top elsewhere

Bank Nifty · Bharti Airtel · Infosys · Mahindra & Mahindra · ICICI Bank · State Bank of India · Shriram Finance · Tata Power · Vedanta · Bajaj Finance · Dow Jones · Sony · GBP/USD · EUR/JPY · Gold · Silver · Ethereum · Bitcoin

Questions

How often does the tweezer top work on ITC?

In 24 cases on ITC, the target (1.5 × ATR) came before the stop (1 × ATR) 25% of the time and the stop came first 50%; 25% went nowhere within 12 candles.

What is the tweezer top?

Two candles hit the same high. That ceiling held twice.