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Indian stock market · candlestick pattern

Spinning top on Yes Bank

On Yes Bank the spinning top showed up 154 times. Within 12 candles price broke up 55% of the time, broke down 42% and stayed inside 3%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily6258%35%6%
Hourly9252%47%1%

Yes Bank against the rest

ChartsFoundBroke upBroke downStayed inside
Yes Bank15455%42%3%
All Indian stock market charts12,55651%47%2%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
20166100%0%
2017650%50%
20181050%40%
2019540%60%
20213100%0%
20221560%33%
2023944%33%
2024667%33%
20255347%51%
20264156%44%

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 Yes Bank

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Volume profile rejection · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bullish cross · EMA 9/21 bearish cross · RSI overbought drop · 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 Yes Bank?

In 154 cases on Yes Bank, price broke up 55% of the time, broke down 42% and stayed inside 3% within 12 candles.

What is the spinning top?

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