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SBI Life chart patterns
We ran 61 candlestick patterns, chart patterns and indicator signals over SBI Life (daily candles from October 2017 and hourly candles from October 2024) and counted 2,708 cases. Here is how often each one reached its target before its stop.
Best on SBI Life: fibonacci bounce up (62% of 32), obv bullish divergence (48% of 21), bearish engulfing (45% of 31). Weakest: fibonacci bounce down (29% of 21), macd bearish cross (30% of 126), ema 9/21 bullish cross (31% of 98). Most patterns hit the stop more often than the target: that is why the app teaches context and risk, not single signals.
Buy and sell setups, ranked
| Pattern | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Fibonacci bounce up | 32 | 62% | 28% | 9% |
| OBV bullish divergence | 21 | 48% | 48% | 5% |
| Bearish engulfing | 31 | 45% | 52% | 3% |
| MACD bullish cross | 83 | 43% | 49% | 7% |
| Stochastic bearish cross | 223 | 41% | 52% | 7% |
| Gap up | 71 | 39% | 58% | 3% |
| Gap down | 61 | 39% | 57% | 3% |
| RSI overbought drop | 84 | 38% | 56% | 6% |
| Stochastic bullish cross | 172 | 37% | 58% | 5% |
| RSI oversold bounce | 64 | 36% | 59% | 5% |
| OBV bearish divergence | 20 | 35% | 65% | 0% |
| EMA 9/21 bearish cross | 96 | 33% | 66% | 1% |
| Bullish marubozu | 21 | 33% | 67% | 0% |
| Volume profile bounce | 121 | 33% | 60% | 7% |
| Volume profile rejection | 109 | 33% | 63% | 4% |
| Bullish engulfing | 29 | 31% | 66% | 3% |
| EMA 9/21 bullish cross | 98 | 31% | 64% | 5% |
| MACD bearish cross | 126 | 30% | 67% | 3% |
| Fibonacci bounce down | 21 | 29% | 62% | 10% |
Neutral patterns
| Pattern | Found | Broke up | Broke down | Stayed inside |
|---|---|---|---|---|
| Doji | 147 | 56% | 44% | 0% |
| Inside bar | 569 | 53% | 46% | 1% |
| Spinning top | 160 | 46% | 51% | 3% |
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.
Learn to read SBI Life charts
- India: NSE and BSEIn India, shares trade on NSE and BSE from 9:15 until about 3:30, and SEBI is the referee.
- What one candle tells youEvery candle shows four prices: where it started, its highest, its lowest and where it finished.
- Bodies and wicks: the tug of warA big body means one side won; a long wick means a push that got pushed back.
- The hammerA hammer after a fall shows sellers pushed hard but buyers pushed the price back up.
- Rule one: stay in the gameLose half your money and you must double what is left just to get back to the start.
- The stop-loss: decide your exit firstA stop-loss is the price where your idea is wrong, and you choose it before you enter.
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Questions
Which pattern worked best on SBI Life?
In our count the fibonacci bounce up reached its target first most often on SBI Life: 62% of 32 cases. No pattern works every time; past odds are not a forecast.
Which candlestick pattern works best on SBI Life?
The bearish engulfing: target first 45% of 31 times on SBI Life.
How were these numbers counted?
Every case enters at the signal candle's close with a target 1.5 × ATR(14) away and a stop 1 × ATR(14) away, and gets 12 candles to reach one of them. Only clean stretches of real sessions are used.