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Indian stock market · candlestick pattern

Doji on Sensex

On Sensex the doji showed up 125 times. Within 12 candles price broke up 51% of the time, broke down 48% and stayed inside 1%.

Counted on Sensex: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily4567%33%0%
Hourly8042%56%1%

Sensex against the rest

ChartsFoundBroke upBroke downStayed inside
Sensex12551%48%1%
All Indian stock market charts10,06650%48%1%
Every market69,19749%49%3%

Year by year

YearFoundBroke upBroke down
2016425%75%
2017475%25%
2018475%25%
2019580%20%
2020667%33%
2021786%14%
2024520%80%
20255450%50%
20263238%59%

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 doji is

Open and close are almost equal. Buyers and sellers are in a tie.

Picture a tug of war where both teams pull hard, but when the whistle blows the flag is right back in the middle. A doji candle is that tie: price moved up and down, but it closed almost exactly where it opened. Nobody won this round.

The full doji lesson, video and quiz ›

Other patterns on Sensex

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Gap up · Spinning top · Gap down · MACD bearish cross · MACD bullish cross · RSI overbought drop · EMA 9/21 bearish cross · all of them

The doji elsewhere

Nifty 50 · Bank Nifty · Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · ICICI Bank · Hindalco · State Bank of India · Shriram Finance · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the doji work on Sensex?

In 125 cases on Sensex, price broke up 51% of the time, broke down 48% and stayed inside 1% within 12 candles.

What is the doji?

Open and close are almost equal. Buyers and sellers are in a tie.