spinning top candlestick pattern

A Spinning Top is a candlestick pattern characterised by a small real body — where the open and close prices are very close to each other — with upper and lower shadows of roughly equal length extending significantly beyond the body on both sides. The pattern signals indecision and equilibrium between buyers and sellers during the session — neither side was able to gain decisive control despite significant price movement in both directions. Unlike the Doji (where open and close are nearly identical), the Spinning Top has a slightly larger body but conveys a similar message of market uncertainty. In Indian equity markets, a Spinning Top appearing after a sustained uptrend or downtrend is a warning signal of potential trend exhaustion — the conviction behind the prior move is weakening. The pattern requires confirmation from the subsequent session — a bearish candle following a Spinning Top in an uptrend strengthens the reversal signal, while a bullish follow-through suggests the trend may continue. Spinning Tops are most meaningful when they appear at key support and resistance levels on Nifty 50, Bank Nifty, or individual stock charts.