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Indian stock market · candlestick pattern

Spinning top on Tata Steel

On Tata Steel the spinning top showed up 186 times. Within 12 candles price broke up 54% of the time, broke down 45% 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
Daily9255%45%0%
Hourly9453%46%1%

Tata Steel against the rest

ChartsFoundBroke upBroke downStayed inside
Tata Steel18654%45%1%
All Indian stock market charts12,55651%47%2%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
2016757%43%
20171457%43%
20181861%39%
20191173%27%
2020850%50%
20211346%54%
2022425%75%
2023667%33%
2024786%14%
20256351%48%
20263549%51%

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 spinning top is

Small body, wicks on both sides. Nobody is in charge.

A spinning top toy whirls fast but stays in one spot. This candle is the same: price ran up and down a lot, but it ended close to where it began. Buyers and sellers were both busy, and neither took charge.

The full spinning top lesson, video and quiz ›

Other patterns on Tata Steel

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

The spinning top 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 spinning top work on Tata Steel?

In 186 cases on Tata Steel, price broke up 54% of the time, broke down 45% and stayed inside 1% within 12 candles.

What is the spinning top?

Small body, wicks on both sides. Nobody is in charge.