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Indian stock market · candlestick pattern

Bearish harami on Reliance

On Reliance the bearish harami showed up 23 times. The target came first 26% of the time, the stop 70%, and 4% went nowhere within 12 candles.

Counted on Reliance Industries: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily617%83%0%
Hourly1729%65%6%

Reliance against the rest

ChartsFoundTarget firstStop firstWent nowhere
Reliance2326%70%4%
All Indian stock market charts1,42935%60%5%
Every market11,39736%57%7%

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 bearish harami is

A small candle inside a big green one. Buying is slowing down.

Imagine a crowd cheering loudly, then suddenly going almost silent. A bearish harami is like that: after a big green candle, the next candle is small and red and fits inside the green body. The buyers' loud push has gone quiet.

The full bearish harami lesson, video and quiz ›

Other patterns on Reliance

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

The bearish harami elsewhere

Bharti Airtel · Infosys · Mahindra & Mahindra · ICICI Bank · Hindalco · State Bank of India · Shriram Finance · Vedanta · Bajaj Finance · Tata Steel · Dow Jones · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver · Ethereum

Questions

How often does the bearish harami work on Reliance?

In 23 cases on Reliance, the target (1.5 × ATR) came before the stop (1 × ATR) 26% of the time and the stop came first 70%; 4% went nowhere within 12 candles.

What is the bearish harami?

A small candle inside a big green one. Buying is slowing down.