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Indian stock market · indicator signal

Volume profile rejection on State Bank of India

On State Bank of India the volume profile rejection showed up 129 times. The target came first 40% of the time, the stop 53%, and 8% 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
Daily7638%54%8%
Hourly5342%51%8%

State Bank of India against the rest

ChartsFoundTarget firstStop firstWent nowhere
State Bank of India12940%53%8%
All Indian stock market charts9,05637%58%5%
Every market63,35937%56%7%

Year by year

YearFoundTarget firstStop first
2016425%75%
20171735%47%
20181136%64%
2019771%29%
2020333%67%
2021944%56%
2022540%60%
20231030%40%
2024956%33%
20254038%55%
20261436%64%

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 volume profile rejection is

Price rose back to the price where the most trading happened, and turned down.

Imagine walking back up to the busiest stall on a market street, only to find a crowd blocking the way, so you turn back. A volume profile rejection is when price rises back to or near the point of control, the price with the most trading, and gets pushed down again.

The full volume profile rejection 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 bounce · EMA 9/21 bullish cross · EMA 9/21 bearish cross · Gap up · all of them

The volume profile rejection elsewhere

Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · ICICI Bank · Hindalco · Shriram Finance · Tata Power · Vedanta · Bajaj Finance · Dow Jones · S&P 500 · Sony · Gold · Silver · Ethereum · Bitcoin

Questions

How often does the volume profile rejection work on State Bank of India?

In 129 cases on State Bank of India, the target (1.5 × ATR) came before the stop (1 × ATR) 40% of the time and the stop came first 53%; 8% went nowhere within 12 candles.

What is the volume profile rejection?

Price rose back to the price where the most trading happened, and turned down.