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Tech Mahindra chart patterns
We ran 59 candlestick patterns, chart patterns and indicator signals over Tech Mahindra (daily candles from January 2015 and hourly candles from October 2024) and counted 3,145 cases. Here is how often each one reached its target before its stop.
Best on Tech Mahindra: gap down (48% of 89), shooting star (47% of 30), ema 9/21 bullish cross (43% of 115). Weakest: bearish marubozu (25% of 28), ema 9/21 bearish cross (28% of 115), volume profile rejection (30% of 125). Most patterns hit the stop more often than the target: that is why the app teaches context and risk, not single signals.
Buy and sell setups, ranked
| Pattern | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Gap down | 89 | 48% | 52% | 0% |
| Shooting star | 30 | 47% | 50% | 3% |
| EMA 9/21 bullish cross | 115 | 43% | 56% | 1% |
| Bullish harami | 33 | 42% | 48% | 9% |
| Bullish marubozu | 26 | 42% | 50% | 8% |
| Volume profile bounce | 108 | 41% | 56% | 4% |
| RSI oversold bounce | 61 | 39% | 57% | 3% |
| Gap up | 97 | 39% | 57% | 4% |
| Fibonacci bounce up | 46 | 39% | 59% | 2% |
| Stochastic bullish cross | 209 | 39% | 56% | 5% |
| Bearish engulfing | 31 | 39% | 55% | 6% |
| Bollinger breakout up | 26 | 38% | 62% | 0% |
| Stochastic bearish cross | 258 | 38% | 60% | 2% |
| Bearish harami | 22 | 36% | 64% | 0% |
| RSI overbought drop | 108 | 36% | 61% | 3% |
| Fibonacci bounce down | 40 | 35% | 58% | 8% |
| Bullish engulfing | 32 | 34% | 66% | 0% |
| MACD bullish cross | 112 | 33% | 59% | 8% |
| Bollinger breakout down | 25 | 32% | 68% | 0% |
| MACD bearish cross | 136 | 32% | 66% | 2% |
| Volume profile rejection | 125 | 30% | 68% | 2% |
| EMA 9/21 bearish cross | 115 | 28% | 68% | 4% |
| Bearish marubozu | 28 | 25% | 68% | 7% |
Neutral patterns
| Pattern | Found | Broke up | Broke down | Stayed inside |
|---|---|---|---|---|
| Doji | 148 | 55% | 44% | 1% |
| Spinning top | 194 | 52% | 46% | 2% |
| Inside bar | 645 | 51% | 49% | 0% |
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.
Learn to read Tech Mahindra charts
- India: NSE and BSEIn India, shares trade on NSE and BSE from 9:15 until about 3:30, and SEBI is the referee.
- What one candle tells youEvery candle shows four prices: where it started, its highest, its lowest and where it finished.
- Bodies and wicks: the tug of warA big body means one side won; a long wick means a push that got pushed back.
- The hammerA hammer after a fall shows sellers pushed hard but buyers pushed the price back up.
- Rule one: stay in the gameLose half your money and you must double what is left just to get back to the start.
- The stop-loss: decide your exit firstA stop-loss is the price where your idea is wrong, and you choose it before you enter.
More Indian stock market charts
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Questions
Which pattern worked best on Tech Mahindra?
In our count the gap down reached its target first most often on Tech Mahindra: 48% of 89 cases. No pattern works every time; past odds are not a forecast.
Which candlestick pattern works best on Tech Mahindra?
The shooting star: target first 47% of 30 times on Tech Mahindra.
How were these numbers counted?
Every case enters at the signal candle's close with a target 1.5 × ATR(14) away and a stop 1 × ATR(14) away, and gets 12 candles to reach one of them. Only clean stretches of real sessions are used.