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Indian stock market · indicator signal

Volume profile bounce on Wipro

On Wipro the volume profile bounce showed up 101 times. The target came first 40% of the time, the stop 56%, and 4% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily5847%50%3%
Hourly4330%65%5%

Wipro against the rest

ChartsFoundTarget firstStop firstWent nowhere
Wipro10140%56%4%
All Indian stock market charts6,75339%57%4%
Every market61,33036%58%6%

Year by year

YearFoundTarget firstStop first
2016757%43%
20171354%46%
201890%100%
20201258%25%
2021475%25%
2023540%60%
2024450%50%
20253225%69%
20261346%54%

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 Wipro

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

In 101 cases on Wipro, the target (1.5 × ATR) came before the stop (1 × ATR) 40% 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.