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Indian stock market · indicator signal

Volume profile rejection on ONGC

On ONGC the volume profile rejection showed up 163 times. The target came first 45% of the time, the stop 53%, and 2% 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
Daily9347%51%2%
Hourly7041%56%3%

ONGC against the rest

ChartsFoundTarget firstStop firstWent nowhere
ONGC16345%53%2%
All Indian stock market charts9,05637%58%5%
Every market63,35937%56%7%

Year by year

YearFoundTarget firstStop first
2016933%67%
20171217%83%
20181362%38%
2019757%43%
2020771%29%
2021786%14%
20221136%55%
20231050%50%
20241250%33%
20255042%58%
20262536%60%

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 volume profile rejection is

Price rose back to the price where the most trading happened, and turned down.

Imagine walking back up to the busiest stall on a market street, only to find a crowd blocking the way, so you turn back. A volume profile rejection is when price rises back to or near the point of control, the price with the most trading, and gets pushed down again.

The full volume profile rejection lesson, video and quiz ›

Other patterns on ONGC

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Doji · MACD bearish cross · MACD bullish cross · EMA 9/21 bullish cross · EMA 9/21 bearish cross · Gap up · all of them

The volume profile rejection elsewhere

Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · ICICI Bank · Hindalco · State Bank of India · Shriram Finance · Tata Power · Vedanta · Dow Jones · S&P 500 · Sony · Gold · Silver · Ethereum · Bitcoin

Questions

How often does the volume profile rejection work on ONGC?

In 163 cases on ONGC, the target (1.5 × ATR) came before the stop (1 × ATR) 45% of the time and the stop came first 53%; 2% went nowhere within 12 candles.

What is the volume profile rejection?

Price rose back to the price where the most trading happened, and turned down.