Indian stock market · candlestick pattern
Doji on Nifty 50
On Nifty 50 the doji showed up 134 times. Within 12 candles price broke up 51% of the time, broke down 49% and stayed inside 1%.
Counted on Nifty 50: daily candles from January 2015 and hourly candles from September 2024.
By timeframe
| Timeframe | Found | Broke up | Broke down | Stayed inside |
|---|---|---|---|---|
| Daily | 39 | 51% | 49% | 0% |
| Hourly | 95 | 51% | 48% | 1% |
Nifty 50 against the rest
| Charts | Found | Broke up | Broke down | Stayed inside |
|---|---|---|---|---|
| Nifty 50 | 134 | 51% | 49% | 1% |
| All Indian stock market charts | 10,066 | 50% | 48% | 1% |
| Every market | 69,197 | 49% | 49% | 3% |
Year by year
| Year | Found | Broke up | Broke down |
|---|---|---|---|
| 2017 | 5 | 80% | 20% |
| 2019 | 4 | 25% | 75% |
| 2020 | 8 | 62% | 38% |
| 2021 | 8 | 50% | 50% |
| 2022 | 6 | 33% | 67% |
| 2024 | 8 | 25% | 62% |
| 2025 | 56 | 54% | 46% |
| 2026 | 35 | 51% | 49% |
The last 8 times
- 2 Sep 2026, 14:15 IST · hourly · broke up after 2 candles
- 6 Aug 2026, 09:15 IST · hourly · broke down after 7 candles
- 4 Aug 2026, 14:15 IST · hourly · broke up after 1 candle
- 30 Jul 2026, 09:15 IST · hourly · broke up after 3 candles
- 27 Jul 2026, 09:15 IST · hourly · broke up after 5 candles
- 15 Jul 2026 · daily · broke up after 2 candles
- 14 Jul 2026, 09:15 IST · hourly · broke up after 7 candles
- 10 Jul 2026, 13:15 IST · hourly · broke down after 3 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 doji is
Open and close are almost equal. Buyers and sellers are in a tie.
Picture a tug of war where both teams pull hard, but when the whistle blows the flag is right back in the middle. A doji candle is that tie: price moved up and down, but it closed almost exactly where it opened. Nobody won this round.
The full doji lesson, video and quiz ›
Other patterns on Nifty 50
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Gap up · Spinning top · Gap down · MACD bearish cross · MACD bullish cross · RSI overbought drop · EMA 9/21 bearish cross · all of them
The doji elsewhere
Sensex · Bank Nifty · Bharti Airtel · Infosys · Mahindra & Mahindra · 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 doji work on Nifty 50?
In 134 cases on Nifty 50, price broke up 51% of the time, broke down 49% and stayed inside 1% within 12 candles.
What is the doji?
Open and close are almost equal. Buyers and sellers are in a tie.