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Indian stock market · candlestick pattern

Spinning top on Mahindra & Mahindra

On Mahindra & Mahindra the spinning top showed up 192 times. Within 12 candles price broke up 43% of the time, broke down 57% and stayed inside 1%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily10647%52%1%
Hourly8637%63%0%

Mahindra & Mahindra against the rest

ChartsFoundBroke upBroke downStayed inside
Mahindra & Mahindra19243%57%1%
All Indian stock market charts12,55651%47%2%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
20161242%58%
20171233%67%
20181173%27%
20191070%30%
2020786%14%
20211822%72%
2022757%43%
20231450%50%
20241822%78%
20255441%59%
20262938%62%

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 Mahindra & Mahindra

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Doji · MACD bearish cross · Volume profile rejection · EMA 9/21 bullish cross · MACD bullish cross · EMA 9/21 bearish cross · Gap up · all of them

The spinning top elsewhere

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

Questions

How often does the spinning top work on Mahindra & Mahindra?

In 192 cases on Mahindra & Mahindra, price broke up 43% of the time, broke down 57% and stayed inside 1% within 12 candles.

What is the spinning top?

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