Information
This document provides candlestick patterns grouped by “confirmed” and “unconfirmed” patterns. We wait for one day after the completion of a pattern to determine confirmation.
- : Provides summary of swing on monthly chart: trend on monthly chart: swing on daily chart: trend on daily chart. Generally, we prefer to be long if monthly swing is 1 and short if monthly swing is -1.
- : frequency of confirmation, given the occurence of specified pattern for the symbol.
- : closing price on the day of day of completion of candlestick pattern.
- : for unconfirmed signals, a signal will not be confirmed if intraday price on the confirmation day breaches the stoploss.
- : return for a 10 day holiding period, assuming that the position was entered on closing price of the confirmation day, which is one day after the completion of the candle.
- : the average of the best holiding period return for the symbol that had a confirmed pattern for a 10 day holiding period. This calculation includes price extremities.
- : It is very likely that the price in a 10 day holiding period will adversely breach the confirmation price. The comfort for a trade is the difference between return_best and the worst expected intra-holding period return. Comfort denotes the expected gap between the best and the worst case return. Higher comfort levels are expected to show lower drawdowns.
UnConfirmed Signals on 2023-01-03
| symbol | pattern | trendinfo | confprob | confprice | stoploss | return_close | return_best | comfort |
|---|---|---|---|---|---|---|---|---|
| BANKNIFTY_IND___ | BULLISH HARAMI | 1:1:-1:-1 | 0.73 | 43203.10 | 42833.1 | 0.75 | 5.17 | 2.20 |
| FINNIFTY_IND___ | BULLISH HARAMI | 1:1:-1:-1 | 0.69 | 19074.45 | 18922.3 | 1.51 | 3.81 | 1.87 |
Confirmed LONG Signals on 2023-01-03
Confirmed SHORT Signals on 2023-01-03
Confirmed Signals With Negative Returns on 2023-01-03
| symbol | pattern | trendinfo | confprob | confprice | return_close | return_best | comfort |
|---|---|---|---|---|---|---|---|
| NSENIFTY_IND___ | BEARISH DARK CLOUD COVER | -1:1:1:1 | 0.59 | 18105.3 | -0.44 | 3.29 | 0.68 |
Drilldown
BANKNIFTY_IND___
Click to expand!
Monthly Trend : UpTrend for 6 months, in UpSwing for 7 months.
Daily Trend : DownTrend for 8 days, in DownSwing for 3 days.
Daily Chart
CandleSticks
| symbol | date | pattern | confirmationdate | confirmationprice | |
|---|---|---|---|---|---|
| 9 | BANKNIFTY_IND___ | 2022-11-30 | BULLISH THREE WHITE SOLDIERS | 2022-12-01 | 43231.00 |
| 10 | BANKNIFTY_IND___ | 2022-12-01 | BEARISH MEETING LINE | 2022-12-02 | 43260.65 |
| 11 | BANKNIFTY_IND___ | 2022-12-09 | BEARISH MEETING LINE | 2022-12-12 | 43633.45 |
| 12 | BANKNIFTY_IND___ | 2022-12-21 | BEARISH ENGULFING | 2022-12-22 | 42617.95 |
| 13 | BANKNIFTY_IND___ | 2022-12-26 | BULLISH ONE WHITE SOLDIER | 2022-12-27 | 42630.15 |
| 14 | BANKNIFTY_IND___ | 2023-01-02 | BULLISH HARAMI | NA | 43203.10 |
Metrics of BULLISH HARAMI for 10 days
Events : 50 Incidence : 4% Confirmation Probability : 73% Win Percentage : 50% Aggressive Return : 5.17% Conservative Return : 0.75% Comfort : 2.2% Aggressive Return (Fail) : 5.1% Conservative Return (Fail) : -2.02% Comfort (Fail) : 2.35%
FINNIFTY_IND___
Click to expand!
Monthly Trend : UpTrend for 3 months, in UpSwing for 3 months.
Daily Trend : DownTrend for 3 days, in DownSwing for 3 days.
Daily Chart
CandleSticks
| symbol | date | pattern | confirmationdate | confirmationprice | |
|---|---|---|---|---|---|
| 13 | FINNIFTY_IND___ | 2022-12-16 | BULLISH DOJI STAR | 2022-12-19 | 19163.97 |
| 14 | FINNIFTY_IND___ | 2022-12-21 | BEARISH ENGULFING | 2022-12-22 | 18925.20 |
| 15 | FINNIFTY_IND___ | 2022-12-22 | BEARISH THREE OUTSIDE DOWN | 2022-12-23 | 18858.60 |
| 16 | FINNIFTY_IND___ | 2022-12-26 | BULLISH ONE WHITE SOLDIER | 2022-12-27 | 18928.65 |
| 17 | FINNIFTY_IND___ | 2022-12-27 | BEARISH HANGING MAN | NA | 18920.17 |
| 18 | FINNIFTY_IND___ | 2023-01-02 | BULLISH HARAMI | NA | 19074.45 |
Metrics of BULLISH HARAMI for 10 days
Events : 24 Incidence : 2% Confirmation Probability : 69% Win Percentage : 58% Aggressive Return : 3.81% Conservative Return : 1.51% Comfort : 1.87% Aggressive Return (Fail) : 2.82% Conservative Return (Fail) : -2.08% Comfort (Fail) : 0.1%
NSENIFTY_IND___
Click to expand!
Monthly Trend : UpTrend for 3 months, in DownSwing for 2 months.
Daily Trend : UpTrend for 2 days, in UpSwing for 2 days.
Daily Chart
CandleSticks
| symbol | date | pattern | confirmationdate | confirmationprice | |
|---|---|---|---|---|---|
| 13 | NSENIFTY_IND___ | 2022-12-12 | BULLISH MEETING LINE | 2022-12-13 | 18497.15 |
| 14 | NSENIFTY_IND___ | 2022-12-19 | BULLISH ONE WHITE SOLDIER | NA | 18420.45 |
| 15 | NSENIFTY_IND___ | 2022-12-20 | BEARISH DESCENDING HAWK | NA | 18354.28 |
| 16 | NSENIFTY_IND___ | 2022-12-21 | BEARISH ENGULFING | 2022-12-22 | 18199.10 |
| 17 | NSENIFTY_IND___ | 2022-12-26 | BULLISH ONE WHITE SOLDIER | 2022-12-27 | 18014.60 |
| 18 | NSENIFTY_IND___ | 2022-12-30 | BEARISH DARK CLOUD COVER | 2023-01-02 | 18105.30 |
Metrics of BEARISH DARK CLOUD COVER for 10 days
Events : 16 Incidence : 2% Confirmation Probability : 59% Win Percentage : 40% Aggressive Return : 3.29% Conservative Return : -0.44% Comfort : 0.68% Aggressive Return (Fail) : 3.66% Conservative Return (Fail) : 1.22% Comfort (Fail) : 3.97%