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Indian stock market · candlestick pattern

Inside bar on NTPC

On NTPC the inside bar showed up 642 times. Within 12 candles price broke up 49% of the time, broke down 50% and stayed inside 1%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily24648%51%1%
Hourly39650%49%1%

NTPC against the rest

ChartsFoundBroke upBroke downStayed inside
NTPC64249%50%1%
All Indian stock market charts44,42152%47%1%
Every market274,73650%48%2%

Year by year

YearFoundBroke upBroke down
20162752%48%
20172850%50%
20183438%59%
20191958%37%
20202357%43%
20213247%53%
20222245%55%
20231963%37%
20242821%79%
202525051%48%
202616050%49%

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 NTPC

Stochastic bullish cross · Stochastic bearish cross · Spinning top · Doji · 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 inside bar 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 inside bar work on NTPC?

In 642 cases on NTPC, price broke up 49% of the time, broke down 50% and stayed inside 1% within 12 candles.

What is the inside bar?

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