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Indian stock market · candlestick pattern

Bullish harami on TCS

On TCS the bullish harami showed up 29 times. The target came first 28% of the time, the stop 69%, and 3% went nowhere within 12 candles.

Counted on Tata Consultancy Services: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily757%43%0%
Hourly2218%77%5%

TCS against the rest

ChartsFoundTarget firstStop firstWent nowhere
TCS2928%69%3%
All Indian stock market charts1,80239%56%5%
Every market11,13534%56%10%

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 bullish harami is

A small candle inside a big red one. Selling is slowing down.

Imagine someone shouting loudly, then suddenly speaking in a whisper. A bullish harami is like that: after a big red candle, the next candle is small and green and fits inside the red body. The sellers' loud push has gone quiet.

The full bullish harami lesson, video and quiz ›

Other patterns on TCS

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

The bullish harami elsewhere

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

Questions

How often does the bullish harami work on TCS?

In 29 cases on TCS, the target (1.5 × ATR) came before the stop (1 × ATR) 28% of the time and the stop came first 69%; 3% went nowhere within 12 candles.

What is the bullish harami?

A small candle inside a big red one. Selling is slowing down.