The relationship, in one sentence
A long falling session, then a rising session that opens below it and closes somewhere back up inside it. The only variable is how far up. 04.03.06 took the far end of that scale: past the midpoint of the first body is a piercing line, and it explained at length that the midpoint is a convention somebody chose.
This page takes the near end. The first board is the same every time — first bid ₹31.00, last bid ₹29.00, so a body of two rupees. What changes is where the second session finishes.
The same fall, then a session that barely gets back in
The on-neck board: the second session closes at ₹29.00, exactly where the first one closed.
Nothing here is a forecast. The second session recovered to the exact price the first one ended at, and that is the whole of what the board records.
| Name | Second close | Into the first body | What the condition says |
|---|---|---|---|
| On-neck | ₹29.00 | 0% | Closes at about the first close — the bottom of the body |
| In-neck | ₹29.06 | 3% | Closes just inside the body, barely above the first close |
| Thrusting | ₹29.55 | 28% | Well into the body, but short of halfway |
| Piercing line | ₹30.20 | 60% | Past the midpoint — the convention 04.03.06 argued about |
Where the names overlap, and why the page says so
Run the on-neck board through the grader and it comes back with two names: on-neck and in-neck. That is not a bug and it is not hidden here.
On-neck asks that the second close sits at about the first close. In-neck asks that it sits just inside the body. A close that lands exactly on the first close satisfies a reasonable reading of both, because at and just above run into each other at the boundary — and every threshold in this book has a boundary where that happens.
A catalogue that presents these as four crisp categories is tidier than the thing it describes. The honest picture is one continuous scale with four labels stuck on it, and the labels smudge where they meet.
There is no market event at 3% into the body that is absent at 0%. There is only a different word.
What the group is for
Two things, both modest. The first is reading other people's writing: if a book or a feed says thrusting, you now know it means a recovery that stopped short of halfway, and you can go and measure whether it did.
The second is the discipline of the measurement itself. The names differ by tens of paise on a two-rupee body. Anybody claiming that one of them behaves differently from its neighbours is claiming that the market can tell the difference between 28% and 51% of a body it has no knowledge of — which may be true, and which 04.05.04 says would need a base rate, a horizon and costs before anyone believed it.
Granthara implements all four because a reference should contain what people say. It tiers three of them as advanced because knowing the word is the whole of the benefit.