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Indian stock market · candlestick pattern

Inside bar on Nifty 50

On Nifty 50 the inside bar showed up 537 times. Within 12 candles price broke up 55% of the time, broke down 45% and stayed inside 0%.

Counted on Nifty 50: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily10661%39%0%
Hourly43153%47%0%

Nifty 50 against the rest

ChartsFoundBroke upBroke downStayed inside
Nifty 5053755%45%0%
All Indian stock market charts44,42152%47%1%
Every market274,73650%48%2%

Year by year

YearFoundBroke upBroke down
2016540%60%
20171573%27%
2018838%62%
20191127%73%
20202070%30%
20211567%33%
20221573%27%
2023367%33%
20242450%50%
202525456%44%
202616750%50%

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 inside bar is

A candle fully inside the one before. The market is coiling.

Think of a small box that fits inside a bigger box. An inside bar is a candle whose whole range, wicks and all, fits inside the candle before it. Price is resting in a smaller space, like a spring being squeezed.

The full inside bar lesson, video and quiz ›

Other patterns on Nifty 50

Stochastic bearish cross · Stochastic bullish cross · Gap up · Spinning top · Doji · Gap down · MACD bearish cross · MACD bullish cross · RSI overbought drop · EMA 9/21 bearish cross · all of them

The inside bar 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 inside bar work on Nifty 50?

In 537 cases on Nifty 50, price broke up 55% of the time, broke down 45% and stayed inside 0% within 12 candles.

What is the inside bar?

A candle fully inside the one before. The market is coiling.