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Indian stock market · candlestick pattern

Spinning top on Punjab National Bank

On Punjab National Bank the spinning top showed up 157 times. Within 12 candles price broke up 49% of the time, broke down 49% and stayed inside 2%.

Counted on Punjab National Bank: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily7854%44%3%
Hourly7944%54%1%

Punjab National Bank against the rest

ChartsFoundBroke upBroke downStayed inside
Punjab National Bank15749%49%2%
All Indian stock market charts12,55651%47%2%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
201650%100%
2017560%40%
2018771%29%
20191346%54%
2020450%50%
2021560%20%
2022683%17%
20231080%10%
2024850%50%
20255638%62%
20263853%45%

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 spinning top is

Small body, wicks on both sides. Nobody is in charge.

A spinning top toy whirls fast but stays in one spot. This candle is the same: price ran up and down a lot, but it ended close to where it began. Buyers and sellers were both busy, and neither took charge.

The full spinning top lesson, video and quiz ›

Other patterns on Punjab National Bank

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

The spinning top 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 spinning top work on Punjab National Bank?

In 157 cases on Punjab National Bank, price broke up 49% of the time, broke down 49% and stayed inside 2% within 12 candles.

What is the spinning top?

Small body, wicks on both sides. Nobody is in charge.