Methodology
Ways to develop a market POV
Four approaches to deciding what to buy or sell.
Methodology
Four approaches to deciding what to buy or sell.
Open, high, and close at essentially the same level (at the bottom of the candle) with a long upper wick. Inverted 'T'.
Bearish·Bearish reversal·1-candle·Requires a prior uptrend
What it means
Buyers pushed price up during the session but sellers absorbed every bit of the gain and forced the close back to the open. Distribution at the highs.
Confirmation to wait for
Next session should close below the gravestone's close. Volume on the gravestone bar adds weight.
Failure mode
Without a real prior uptrend it's just an upper-wick bar. Strong-trend markets often shrug off the first gravestone.
|open − close| ≤ 5% × range AND (min(open,close) − low) ≤ 5% × range AND upper wick ≥ 60% × range. Plus prior 5-day uptrend.
The scanner below applies this rule to today's daily candles across actively-traded NSE equities, ranked by traded value (price × volume). Liquidity floor: ₹25 Cr traded today. Rule-based matches - not buy/sell calls.
Scanner coming soon
Detection isn't wired for this pattern yet. The rule above describes what the scanner will look for; it'll go live with the next set of detectors.
Pattern definitions are descriptive, not predictive. Confirm with volume + the broader trend on the index / sector before trading any single-stock signal.
Bearish Engulfing
Bearish reversal