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JSW Steel chart patterns
We ran 61 candlestick patterns, chart patterns and indicator signals over JSW Steel (daily candles from January 2015 and hourly candles from October 2024) and counted 3,110 cases. Here is how often each one reached its target before its stop.
Best on JSW Steel: obv bearish divergence (52% of 25), bullish engulfing (46% of 28), bollinger breakout up (45% of 29). Weakest: shooting star (22% of 23), bearish marubozu (24% of 33), ema 9/21 bearish cross (26% of 125). Most patterns hit the stop more often than the target: that is why the app teaches context and risk, not single signals.
Buy and sell setups, ranked
| Pattern | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| OBV bearish divergence | 25 | 52% | 48% | 0% |
| Bullish engulfing | 28 | 46% | 50% | 4% |
| Bollinger breakout up | 29 | 45% | 52% | 3% |
| Bearish engulfing | 31 | 42% | 52% | 6% |
| EMA 9/21 bullish cross | 126 | 40% | 54% | 6% |
| Stochastic bullish cross | 191 | 40% | 54% | 6% |
| OBV bullish divergence | 28 | 39% | 57% | 4% |
| Tweezer bottom | 24 | 38% | 54% | 8% |
| Volume profile bounce | 142 | 37% | 60% | 3% |
| Volume profile rejection | 133 | 37% | 63% | 0% |
| Gap down | 57 | 37% | 54% | 9% |
| MACD bullish cross | 109 | 35% | 61% | 4% |
| Stochastic bearish cross | 257 | 33% | 61% | 5% |
| RSI overbought drop | 86 | 33% | 58% | 9% |
| RSI oversold bounce | 43 | 33% | 58% | 9% |
| MACD bearish cross | 163 | 32% | 66% | 2% |
| Gap up | 74 | 31% | 59% | 9% |
| Tweezer top | 23 | 30% | 70% | 0% |
| Fibonacci bounce up | 28 | 29% | 64% | 7% |
| EMA 9/21 bearish cross | 125 | 26% | 69% | 5% |
| Bearish marubozu | 33 | 24% | 67% | 9% |
| Shooting star | 23 | 22% | 52% | 26% |
Neutral patterns
| Pattern | Found | Broke up | Broke down | Stayed inside |
|---|---|---|---|---|
| Inside bar | 649 | 54% | 45% | 1% |
| Doji | 168 | 54% | 45% | 1% |
| Spinning top | 204 | 50% | 49% | 0% |
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.
Learn to read JSW Steel charts
- India: NSE and BSEIn India, shares trade on NSE and BSE from 9:15 until about 3:30, and SEBI is the referee.
- What one candle tells youEvery candle shows four prices: where it started, its highest, its lowest and where it finished.
- Bodies and wicks: the tug of warA big body means one side won; a long wick means a push that got pushed back.
- The hammerA hammer after a fall shows sellers pushed hard but buyers pushed the price back up.
- Rule one: stay in the gameLose half your money and you must double what is left just to get back to the start.
- The stop-loss: decide your exit firstA stop-loss is the price where your idea is wrong, and you choose it before you enter.
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Questions
Which pattern worked best on JSW Steel?
In our count the obv bearish divergence reached its target first most often on JSW Steel: 52% of 25 cases. No pattern works every time; past odds are not a forecast.
Which candlestick pattern works best on JSW Steel?
The bullish engulfing: target first 46% of 28 times on JSW Steel.
How were these numbers counted?
Every case enters at the signal candle's close with a target 1.5 × ATR(14) away and a stop 1 × ATR(14) away, and gets 12 candles to reach one of them. Only clean stretches of real sessions are used.