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Indian stock market · indicator signal

Bollinger breakout down on ONGC

On ONGC the bollinger breakout down showed up 26 times. The target came first 31% of the time, the stop 65%, and 4% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1225%75%0%
Hourly1436%57%7%

ONGC against the rest

ChartsFoundTarget firstStop firstWent nowhere
ONGC2631%65%4%
All Indian stock market charts1,53642%56%2%
Every market11,44941%56%3%

Year by year

YearFoundTarget firstStop first
2020333%67%
20243100%0%
2025922%67%
2026425%75%

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 bollinger breakout down is

After a tight squeeze, price closed below the lower band.

Squeeze a spring tight and it can jump in any direction when you let go. Bollinger Bands squeeze close together when prices are calm. After a tight squeeze, a close below the bottom band is like the spring snapping downward.

The full bollinger breakout down lesson, video and quiz ›

Other patterns on ONGC

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

The bollinger breakout down elsewhere

Sensex · Nifty 50 · Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · Hindalco · State Bank of India · Tata Power · Bajaj Finance · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the bollinger breakout down work on ONGC?

In 26 cases on ONGC, the target (1.5 × ATR) came before the stop (1 × ATR) 31% of the time and the stop came first 65%; 4% went nowhere within 12 candles.

What is the bollinger breakout down?

After a tight squeeze, price closed below the lower band.