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Indian stock market · candlestick pattern

Tweezer top on State Bank of India

On State Bank of India the tweezer top showed up 30 times. The target came first 37% of the time, the stop 63%, 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
Daily1741%59%0%
Hourly1331%69%0%

State Bank of India against the rest

ChartsFoundTarget firstStop firstWent nowhere
State Bank of India3037%63%0%
All Indian stock market charts1,41736%59%4%
Every market10,99134%58%8%

Year by year

YearFoundTarget firstStop first
2017333%67%
2023633%67%
20243100%0%
2025633%67%
2026617%83%

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 tweezer top is

Two candles hit the same high. That ceiling held twice.

Imagine jumping twice and bumping your head on the same spot of the ceiling both times. A tweezer top is two candles whose highest points land at almost exactly the same price. Buyers hit a ceiling twice, and it held both times.

The full tweezer top 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 tweezer top elsewhere

Bank Nifty · Bharti Airtel · Infosys · Mahindra & Mahindra · ICICI Bank · Shriram Finance · Tata Power · Vedanta · Bajaj Finance · Tata Steel · Dow Jones · Sony · GBP/USD · EUR/JPY · Gold · Silver · Ethereum · Bitcoin

Questions

How often does the tweezer top work on State Bank of India?

In 30 cases on State Bank of India, the target (1.5 × ATR) came before the stop (1 × ATR) 37% of the time and the stop came first 63%; 0% went nowhere within 12 candles.

What is the tweezer top?

Two candles hit the same high. That ceiling held twice.