Trading Class

Markets › State Bank of India › Doji

Indian stock market · candlestick pattern

Doji on State Bank of India

On State Bank of India the doji showed up 164 times. Within 12 candles price broke up 48% of the time, broke down 51% and stayed inside 1%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily7047%51%1%
Hourly9449%51%0%

State Bank of India against the rest

ChartsFoundBroke upBroke downStayed inside
State Bank of India16448%51%1%
All Indian stock market charts10,06650%48%1%
Every market69,19749%49%3%

Year by year

YearFoundBroke upBroke down
2016850%50%
2017633%50%
2018838%62%
2019944%56%
2020367%33%
2021475%25%
20221354%46%
2023922%78%
2024771%29%
20256548%52%
20263250%50%

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 State Bank of India

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

The doji elsewhere

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

Questions

How often does the doji work on State Bank of India?

In 164 cases on State Bank of India, price broke up 48% of the time, broke down 51% and stayed inside 1% within 12 candles.

What is the doji?

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