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Indian stock market · candlestick pattern

Tweezer top on Reliance

On Reliance the tweezer top showed up 28 times. The target came first 46% of the time, the stop 54%, and 0% 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
Daily1136%64%0%
Hourly1753%47%0%

Reliance against the rest

ChartsFoundTarget firstStop firstWent nowhere
Reliance2846%54%0%
All Indian stock market charts1,41736%59%4%
Every market10,99134%58%8%

Year by year

YearFoundTarget firstStop first
2022367%33%
20251464%36%
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 top is

Two candles hit the same high. That ceiling held twice.

Imagine jumping twice and bumping your head on the same spot of the ceiling both times. A tweezer top is two candles whose highest points land at almost exactly the same price. Buyers hit a ceiling twice, and it held both times.

The full tweezer top 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 tweezer top elsewhere

Bank Nifty · Bharti Airtel · Infosys · Mahindra & Mahindra · ICICI Bank · State Bank of India · Shriram Finance · Tata Power · Vedanta · Bajaj Finance · Dow Jones · Sony · GBP/USD · EUR/JPY · Gold · Silver · Ethereum · Bitcoin

Questions

How often does the tweezer top work on Reliance?

In 28 cases on Reliance, the target (1.5 × ATR) came before the stop (1 × ATR) 46% of the time and the stop came first 54%; 0% went nowhere within 12 candles.

What is the tweezer top?

Two candles hit the same high. That ceiling held twice.