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Nifty 50 chart patterns
We ran 54 candlestick patterns, chart patterns and indicator signals over Nifty 50 (daily candles from January 2015 and hourly candles from September 2024) and counted 2,667 cases. Here is how often each one reached its target before its stop.
Best on Nifty 50: bearish marubozu (50% of 36), bullish engulfing (50% of 32), bollinger breakout down (50% of 22). Weakest: bullish harami (25% of 32), rsi overbought drop (31% of 95), hanging man (31% of 36). Most patterns hit the stop more often than the target: that is why the app teaches context and risk, not single signals.
Buy and sell setups, ranked
| Pattern | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Bearish marubozu | 36 | 50% | 44% | 6% |
| Bullish engulfing | 32 | 50% | 50% | 0% |
| Bollinger breakout down | 22 | 50% | 50% | 0% |
| RSI oversold bounce | 67 | 45% | 49% | 6% |
| EMA 9/21 bullish cross | 90 | 44% | 53% | 2% |
| Gap up | 173 | 43% | 50% | 7% |
| Tweezer bottom | 21 | 43% | 57% | 0% |
| Bullish marubozu | 26 | 42% | 58% | 0% |
| Stochastic bullish cross | 200 | 42% | 54% | 4% |
| MACD bearish cross | 104 | 41% | 56% | 3% |
| EMA 9/21 bearish cross | 91 | 41% | 57% | 2% |
| Fibonacci bounce up | 35 | 40% | 54% | 6% |
| Hammer | 25 | 40% | 60% | 0% |
| Fibonacci bounce down | 51 | 39% | 51% | 10% |
| MACD bullish cross | 98 | 38% | 54% | 8% |
| Stochastic bearish cross | 261 | 38% | 59% | 4% |
| Bearish engulfing | 32 | 34% | 62% | 3% |
| Gap down | 130 | 34% | 62% | 4% |
| Hanging man | 36 | 31% | 67% | 3% |
| RSI overbought drop | 95 | 31% | 64% | 5% |
| Bullish harami | 32 | 25% | 75% | 0% |
Neutral patterns
| Pattern | Found | Broke up | Broke down | Stayed inside |
|---|---|---|---|---|
| Inside bar | 537 | 55% | 45% | 0% |
| Spinning top | 140 | 53% | 46% | 1% |
| Doji | 134 | 51% | 49% | 1% |
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.
Learn to read Nifty 50 charts
- India: NSE and BSEIn India, shares trade on NSE and BSE from 9:15 until about 3:30, and SEBI is the referee.
- What one candle tells youEvery candle shows four prices: where it started, its highest, its lowest and where it finished.
- Bodies and wicks: the tug of warA big body means one side won; a long wick means a push that got pushed back.
- The hammerA hammer after a fall shows sellers pushed hard but buyers pushed the price back up.
- Rule one: stay in the gameLose half your money and you must double what is left just to get back to the start.
- The stop-loss: decide your exit firstA stop-loss is the price where your idea is wrong, and you choose it before you enter.
More Indian stock market charts
Sensex · Bank Nifty · Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · ICICI Bank · Hindalco · State Bank of India · Shriram Finance · Tata Power · Vedanta · Bajaj Finance · Tata Steel · Grasim · Bajaj Finserv · Tech Mahindra · Bajaj Auto · Kotak Mahindra Bank · HDFC Bank · TCS · Nestle India · Britannia · UltraTech Cement · ONGC · Punjab National Bank · JSW Steel · Titan · Hero MotoCorp · Axis Bank · Cipla · Apollo Hospitals · Bank of Baroda · HCLTech · Power Grid · Dr Reddy's · Zydus Lifesciences · Bharat Electronics · Asian Paints · Adani Ports · Canara Bank · Larsen & Toubro · Eicher Motors · Maruti Suzuki · Adani Enterprises · Trent · NTPC · IndusInd Bank · Wipro · Sun Pharma · Reliance · Tata Consumer · DLF · BHEL · ITC · Yes Bank · Vodafone Idea · Hindustan Unilever · Adani Power · HDFC Life · SBI Life · Hindustan Aeronautics · IRCTC · Suzlon Energy · Adani Green Energy · IRFC · LIC · Jio Financial Services · Eternal (Zomato)
Questions
Which pattern worked best on Nifty 50?
In our count the bearish marubozu reached its target first most often on Nifty 50: 50% of 36 cases. No pattern works every time; past odds are not a forecast.
Which candlestick pattern works best on Nifty 50?
The bearish marubozu: target first 50% of 36 times on Nifty 50.
How were these numbers counted?
Every case enters at the signal candle's close with a target 1.5 × ATR(14) away and a stop 1 × ATR(14) away, and gets 12 candles to reach one of them. Only clean stretches of real sessions are used.