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Indian stock market · candlestick pattern

Spinning top on Reliance

On Reliance the spinning top showed up 174 times. Within 12 candles price broke up 55% of the time, broke down 44% and stayed inside 1%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily6555%45%0%
Hourly10955%44%1%

Reliance against the rest

ChartsFoundBroke upBroke downStayed inside
Reliance17455%44%1%
All Indian stock market charts12,55651%47%2%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
2016771%29%
2017560%40%
2018757%43%
2019743%57%
2020933%67%
2021560%40%
2022450%50%
20231070%30%
20241145%55%
20257559%40%
20263450%50%

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 Reliance

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Doji · MACD bearish cross · MACD bullish cross · Volume profile rejection · EMA 9/21 bearish cross · EMA 9/21 bullish cross · Gap up · 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 Reliance?

In 174 cases on Reliance, price broke up 55% of the time, broke down 44% and stayed inside 1% within 12 candles.

What is the spinning top?

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