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Indian stock market · indicator signal

Fibonacci bounce up on Adani Green Energy

On Adani Green Energy the fibonacci bounce up showed up 28 times. The target came first 29% of the time, the stop 68%, and 4% went nowhere within 12 candles.

Counted on Adani Green Energy: daily candles from June 2018 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1118%73%9%
Hourly1735%65%0%

Adani Green Energy against the rest

ChartsFoundTarget firstStop firstWent nowhere
Adani Green Energy2829%68%4%
All Indian stock market charts2,60038%57%5%
Every market16,35735%58%8%

Year by year

YearFoundTarget firstStop first
202230%100%
2024333%67%
2025911%78%
20261145%55%

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 fibonacci bounce up is

After a big rise, price pulled back to the 50 to 61.8% zone and bounced.

Imagine climbing a hill, sliding back about halfway, then catching your footing and climbing again. Fibonacci levels mark how far back price slid compared with the climb. A Fibonacci bounce up is when price slides back into the 50% to 61.8% zone and bounces.

The full fibonacci bounce up lesson, video and quiz ›

Other patterns on Adani Green Energy

Inside bar · Stochastic bullish cross · Spinning top · Stochastic bearish cross · Doji · Volume profile rejection · MACD bullish cross · Gap up · EMA 9/21 bearish cross · MACD bearish cross · all of them

The fibonacci bounce up elsewhere

Sensex · Nifty 50 · Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · ICICI Bank · Hindalco · State Bank of India · Shriram Finance · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the fibonacci bounce up work on Adani Green Energy?

In 28 cases on Adani Green Energy, the target (1.5 × ATR) came before the stop (1 × ATR) 29% of the time and the stop came first 68%; 4% went nowhere within 12 candles.

What is the fibonacci bounce up?

After a big rise, price pulled back to the 50 to 61.8% zone and bounced.