Trading Class

Markets › Larsen & Toubro › Doji

Indian stock market · candlestick pattern

Doji on Larsen & Toubro

On Larsen & Toubro the doji showed up 140 times. Within 12 candles price broke up 50% of the time, broke down 47% and stayed inside 3%.

Counted on Larsen & Toubro: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily6351%48%2%
Hourly7749%47%4%

Larsen & Toubro against the rest

ChartsFoundBroke upBroke downStayed inside
Larsen & Toubro14050%47%3%
All Indian stock market charts10,06650%48%1%
Every market69,19749%49%3%

Year by year

YearFoundBroke upBroke down
20161233%67%
20171145%55%
2018862%38%
2019743%57%
2020786%14%
2021667%17%
2022333%67%
2023475%25%
202480%100%
20255052%44%
20262454%42%

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 doji is

Open and close are almost equal. Buyers and sellers are in a tie.

Picture a tug of war where both teams pull hard, but when the whistle blows the flag is right back in the middle. A doji candle is that tie: price moved up and down, but it closed almost exactly where it opened. Nobody won this round.

The full doji lesson, video and quiz ›

Other patterns on Larsen & Toubro

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

The doji elsewhere

Sensex · Nifty 50 · Bank Nifty · Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · ICICI Bank · Hindalco · State Bank of India · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the doji work on Larsen & Toubro?

In 140 cases on Larsen & Toubro, price broke up 50% of the time, broke down 47% and stayed inside 3% within 12 candles.

What is the doji?

Open and close are almost equal. Buyers and sellers are in a tie.