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Indian stock market · indicator signal

Bollinger breakout down on State Bank of India

On State Bank of India the bollinger breakout down showed up 23 times. The target came first 30% of the time, the stop 70%, and 0% went nowhere within 12 candles.

Counted on State Bank of India: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1136%64%0%
Hourly1225%75%0%

State Bank of India against the rest

ChartsFoundTarget firstStop firstWent nowhere
State Bank of India2330%70%0%
All Indian stock market charts1,53642%56%2%
Every market11,44941%56%3%

Year by year

YearFoundTarget firstStop first
2019333%67%
2022450%50%
2025633%67%
2026714%86%

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 bollinger breakout down is

After a tight squeeze, price closed below the lower band.

Squeeze a spring tight and it can jump in any direction when you let go. Bollinger Bands squeeze close together when prices are calm. After a tight squeeze, a close below the bottom band is like the spring snapping downward.

The full bollinger breakout down lesson, video and quiz ›

Other patterns on State Bank of India

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

The bollinger breakout down elsewhere

Sensex · Nifty 50 · Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · Hindalco · Tata Power · Bajaj Finance · Tata Steel · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the bollinger breakout down work on State Bank of India?

In 23 cases on State Bank of India, the target (1.5 × ATR) came before the stop (1 × ATR) 30% of the time and the stop came first 70%; 0% went nowhere within 12 candles.

What is the bollinger breakout down?

After a tight squeeze, price closed below the lower band.