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Indian stock market · indicator signal

Volume profile rejection on Wipro

On Wipro the volume profile rejection showed up 118 times. The target came first 33% of the time, the stop 63%, 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
Daily6733%63%4%
Hourly5133%63%4%

Wipro against the rest

ChartsFoundTarget firstStop firstWent nowhere
Wipro11833%63%4%
All Indian stock market charts9,05637%58%5%
Every market63,35937%56%7%

Year by year

YearFoundTarget firstStop first
20161010%70%
201790%100%
2018875%25%
202040%100%
2021967%33%
2022667%33%
202330%100%
20241712%82%
20252635%62%
20262438%58%

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 rejection is

Price rose back to the price where the most trading happened, and turned down.

Imagine walking back up to the busiest stall on a market street, only to find a crowd blocking the way, so you turn back. A volume profile rejection is when price rises back to or near the point of control, the price with the most trading, and gets pushed down again.

The full volume profile rejection lesson, video and quiz ›

Other patterns on Wipro

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

The volume profile rejection 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 rejection work on Wipro?

In 118 cases on Wipro, the target (1.5 × ATR) came before the stop (1 × ATR) 33% of the time and the stop came first 63%; 4% went nowhere within 12 candles.

What is the volume profile rejection?

Price rose back to the price where the most trading happened, and turned down.