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Indian stock market · chart pattern
Double bottom on Nestle India
On Nestle India the double bottom showed up 21 times. The target came first 33% of the time, the stop 57%, and 10% went nowhere within 12 candles.
Counted on Nestle India: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 8 | 50% | 50% | 0% |
| Hourly | 13 | 23% | 62% | 15% |
Nestle India against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Nestle India | 21 | 33% | 57% | 10% |
| All Indian stock market charts | 684 | 40% | 56% | 4% |
| Every market | 4,672 | 37% | 57% | 6% |
The last 8 times
- 1 Jul 2026, 09:15 IST · hourly · went nowhere
- 14 Nov 2025, 10:15 IST · hourly · stop first after 1 candle
- 12 Nov 2025, 10:15 IST · hourly · stop first after 6 candles
- 2 Sep 2025, 09:15 IST · hourly · target first after 8 candles
- 9 Jun 2025, 10:15 IST · hourly · target first after 9 candles
- 6 Jun 2025, 14:15 IST · hourly · stop first after 2 candles
- 1 Apr 2025, 09:15 IST · hourly · stop first after 2 candles
- 28 Mar 2025, 09:15 IST · hourly · stop first after 2 candles
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 double bottom is
Two lows at the same level, then a break above the peak between them.
Jump on a trampoline and you sink to the same low spot twice, but the second push sends you higher than before. A double bottom looks like the letter W: two lows at the same level with a hill between them. When price climbs above that hill, the W is complete.
The full double bottom lesson, video and quiz ›
Other patterns on Nestle India
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · MACD bearish cross · Volume profile rejection · Volume profile bounce · EMA 9/21 bullish cross · MACD bullish cross · all of them
The double bottom elsewhere
IndusInd Bank · EUR/JPY · Ethereum · Bitcoin
Questions
How often does the double bottom work on Nestle India?
In 21 cases on Nestle India, the target (1.5 × ATR) came before the stop (1 × ATR) 33% of the time and the stop came first 57%; 10% went nowhere within 12 candles.
What is the double bottom?
Two lows at the same level, then a break above the peak between them.