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Indian stock market · candlestick pattern

Tweezer top on Tata Power

On Tata Power the tweezer top showed up 29 times. The target came first 38% of the time, the stop 55%, and 7% went nowhere within 12 candles.

Counted on Tata Power: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1644%56%0%
Hourly1331%54%15%

Tata Power against the rest

ChartsFoundTarget firstStop firstWent nowhere
Tata Power2938%55%7%
All Indian stock market charts1,41736%59%4%
Every market10,99134%58%8%

Year by year

YearFoundTarget firstStop first
2021333%67%
2023425%75%
20251030%50%
2026450%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 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 Tata Power

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Doji · Volume profile rejection · MACD bearish cross · MACD bullish cross · 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 · State Bank of India · Shriram Finance · 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 Tata Power?

In 29 cases on Tata Power, the target (1.5 × ATR) came before the stop (1 × ATR) 38% of the time and the stop came first 55%; 7% went nowhere within 12 candles.

What is the tweezer top?

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