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Indian stock market · candlestick pattern

Doji on NTPC

On NTPC the doji showed up 153 times. Within 12 candles price broke up 47% of the time, broke down 50% and stayed inside 3%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily6645%53%2%
Hourly8748%48%3%

NTPC against the rest

ChartsFoundBroke upBroke downStayed inside
NTPC15347%50%3%
All Indian stock market charts10,06650%48%1%
Every market69,19749%49%3%

Year by year

YearFoundBroke upBroke down
2016862%38%
2017540%60%
2018933%67%
2019650%50%
2020333%67%
2021838%62%
2022838%50%
202330%100%
2024560%40%
20256148%49%
20263754%43%

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 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 NTPC

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Volume profile rejection · MACD bullish cross · EMA 9/21 bearish cross · EMA 9/21 bullish cross · MACD bearish cross · Volume profile bounce · all of them

The doji 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 doji work on NTPC?

In 153 cases on NTPC, price broke up 47% of the time, broke down 50% and stayed inside 3% within 12 candles.

What is the doji?

Open and close are almost equal. Buyers and sellers are in a tie.