Trading Class

Markets › TCS › Spinning top

Indian stock market · candlestick pattern

Spinning top on TCS

On TCS the spinning top showed up 179 times. Within 12 candles price broke up 45% of the time, broke down 52% and stayed inside 3%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily7637%61%3%
Hourly10350%46%4%

TCS against the rest

ChartsFoundBroke upBroke downStayed inside
TCS17945%52%3%
All Indian stock market charts12,55651%47%2%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
2016825%75%
20171030%70%
2018333%67%
2019425%75%
2020967%11%
2021933%67%
2022540%60%
20231338%62%
2024633%67%
20257139%55%
20264166%34%

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 TCS

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Doji · MACD bullish cross · Volume profile rejection · MACD bearish cross · Gap up · EMA 9/21 bullish cross · EMA 9/21 bearish 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 TCS?

In 179 cases on TCS, price broke up 45% of the time, broke down 52% and stayed inside 3% within 12 candles.

What is the spinning top?

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