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Indian stock market · candlestick pattern

Inside bar on ONGC

On ONGC the inside bar showed up 676 times. Within 12 candles price broke up 53% of the time, broke down 46% and stayed inside 1%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily25255%45%0%
Hourly42453%46%1%

ONGC against the rest

ChartsFoundBroke upBroke downStayed inside
ONGC67653%46%1%
All Indian stock market charts44,42152%47%1%
Every market274,73650%48%2%

Year by year

YearFoundBroke upBroke down
20162065%35%
20172646%54%
20182948%52%
20192850%46%
20201968%32%
20213762%38%
20223551%49%
20232462%38%
20242030%70%
202526155%44%
202617750%48%

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 ONGC

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 · Gap up · 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 ONGC?

In 676 cases on ONGC, price broke up 53% of the time, broke down 46% and stayed inside 1% within 12 candles.

What is the inside bar?

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