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Indian stock market · candlestick pattern

Doji on Tata Steel

On Tata Steel the doji showed up 148 times. Within 12 candles price broke up 52% of the time, broke down 47% and stayed inside 1%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily7661%39%0%
Hourly7243%54%3%

Tata Steel against the rest

ChartsFoundBroke upBroke downStayed inside
Tata Steel14852%47%1%
All Indian stock market charts10,06650%48%1%
Every market69,19749%49%3%

Year by year

YearFoundBroke upBroke down
20161090%10%
2017757%43%
2018838%62%
20191050%50%
2020475%25%
2021667%33%
2022667%33%
2023967%33%
2024922%78%
20255353%45%
20262635%62%

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 Tata Steel

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

The doji elsewhere

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

Questions

How often does the doji work on Tata Steel?

In 148 cases on Tata Steel, price broke up 52% of the time, broke down 47% and stayed inside 1% within 12 candles.

What is the doji?

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