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Indian stock market · candlestick pattern

Doji on Shriram Finance

On Shriram Finance the doji showed up 174 times. Within 12 candles price broke up 55% of the time, broke down 43% and stayed inside 2%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily7151%48%1%
Hourly10358%39%3%

Shriram Finance against the rest

ChartsFoundBroke upBroke downStayed inside
Shriram Finance17455%43%2%
All Indian stock market charts10,06650%48%1%
Every market69,19749%49%3%

Year by year

YearFoundBroke upBroke down
2016367%33%
2017850%50%
20181443%57%
2019743%43%
2020333%67%
2021560%40%
2022922%78%
20233100%0%
2024786%14%
20257858%40%
20263757%41%

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 Shriram Finance

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

The doji 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 doji work on Shriram Finance?

In 174 cases on Shriram Finance, price broke up 55% of the time, broke down 43% and stayed inside 2% within 12 candles.

What is the doji?

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