Trading Class

Markets › Larsen & Toubro › Spinning top

Indian stock market · candlestick pattern

Spinning top on Larsen & Toubro

On Larsen & Toubro the spinning top showed up 182 times. Within 12 candles price broke up 53% of the time, broke down 43% 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
Daily8656%41%3%
Hourly9651%46%3%

Larsen & Toubro against the rest

ChartsFoundBroke upBroke downStayed inside
Larsen & Toubro18253%43%3%
All Indian stock market charts12,55651%47%2%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
2016757%43%
20171457%36%
20181242%58%
2019333%67%
2020838%50%
20211346%54%
20221164%27%
20238100%0%
2024875%25%
20257051%47%
20262846%46%

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 spinning top is

Small body, wicks on both sides. Nobody is in charge.

A spinning top toy whirls fast but stays in one spot. This candle is the same: price ran up and down a lot, but it ended close to where it began. Buyers and sellers were both busy, and neither took charge.

The full spinning top lesson, video and quiz ›

Other patterns on Larsen & Toubro

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

The spinning top 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 spinning top work on Larsen & Toubro?

In 182 cases on Larsen & Toubro, price broke up 53% of the time, broke down 43% and stayed inside 3% within 12 candles.

What is the spinning top?

Small body, wicks on both sides. Nobody is in charge.