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Indian stock market · candlestick pattern

Spinning top on Nestle India

On Nestle India the spinning top showed up 206 times. Within 12 candles price broke up 42% of the time, broke down 54% and stayed inside 4%.

Counted on Nestle India: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily9644%52%4%
Hourly11040%56%4%

Nestle India against the rest

ChartsFoundBroke upBroke downStayed inside
Nestle India20642%54%4%
All Indian stock market charts12,55651%47%2%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
20161242%58%
20171155%45%
20181354%46%
20191145%27%
2020425%75%
20211145%55%
20221136%55%
20231040%60%
20241127%64%
20256444%53%
20264838%60%

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 Nestle India

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Doji · MACD bearish cross · Volume profile rejection · Volume profile bounce · EMA 9/21 bullish cross · MACD bullish cross · EMA 9/21 bearish cross · 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 Nestle India?

In 206 cases on Nestle India, price broke up 42% of the time, broke down 54% and stayed inside 4% within 12 candles.

What is the spinning top?

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