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Indian stock market · indicator signal

Volume profile bounce on Tech Mahindra

On Tech Mahindra the volume profile bounce showed up 108 times. The target came first 41% of the time, the stop 56%, and 4% went nowhere within 12 candles.

Counted on Tech Mahindra: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily4850%48%2%
Hourly6033%62%5%

Tech Mahindra against the rest

ChartsFoundTarget firstStop firstWent nowhere
Tech Mahindra10841%56%4%
All Indian stock market charts6,75339%57%4%
Every market61,33036%58%6%

Year by year

YearFoundTarget firstStop first
201630%100%
201730%100%
20181030%60%
2019786%14%
2020862%38%
2021333%67%
2022475%25%
20234100%0%
2024475%25%
20254527%67%
20261741%59%

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 volume profile bounce is

Price fell back to the price where the most trading happened, and bounced.

Imagine a market stall where most shoppers agreed on a fair price all week. When the price drops back to that fair price, shoppers who know it is a good deal rush in, and the price climbs again. The point of control is the price where the most trading happened, and a volume profile bounce is when price falls back to or near it and bounces up.

The full volume profile bounce lesson, video and quiz ›

Other patterns on Tech Mahindra

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

The volume profile bounce elsewhere

Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · ICICI Bank · Hindalco · State Bank of India · Shriram Finance · Tata Power · Vedanta · Dow Jones · S&P 500 · Sony · Gold · Silver · Ethereum · Bitcoin

Questions

How often does the volume profile bounce work on Tech Mahindra?

In 108 cases on Tech Mahindra, the target (1.5 × ATR) came before the stop (1 × ATR) 41% of the time and the stop came first 56%; 4% went nowhere within 12 candles.

What is the volume profile bounce?

Price fell back to the price where the most trading happened, and bounced.