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Indian stock market · candlestick pattern

Tweezer bottom on Power Grid

On Power Grid the tweezer bottom showed up 22 times. The target came first 23% of the time, the stop 73%, and 5% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily425%75%0%
Hourly1822%72%6%

Power Grid against the rest

ChartsFoundTarget firstStop firstWent nowhere
Power Grid2223%73%5%
All Indian stock market charts1,24342%51%7%
Every market9,70935%55%11%

Year by year

YearFoundTarget firstStop first
202430%100%
20251127%64%
2026520%80%

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 tweezer bottom is

Two candles hit the same low. That floor held twice.

Picture a pair of tweezers, with two tips meeting at the very same point. A tweezer bottom is two candles whose lowest points land at almost exactly the same price. Price tested the floor twice, and the floor held both times.

The full tweezer bottom lesson, video and quiz ›

Other patterns on Power Grid

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

The tweezer bottom elsewhere

Sensex · Nifty 50 · Bank Nifty · Infosys · Coal India · ICICI Bank · Tata Power · Grasim · Bajaj Finserv · Bajaj Auto · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Ethereum · Bitcoin

Questions

How often does the tweezer bottom work on Power Grid?

In 22 cases on Power Grid, the target (1.5 × ATR) came before the stop (1 × ATR) 23% of the time and the stop came first 73%; 5% went nowhere within 12 candles.

What is the tweezer bottom?

Two candles hit the same low. That floor held twice.