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Indian stock market · price-structure setup

Gap up on Adani Green Energy

On Adani Green Energy the gap up showed up 85 times. The target came first 44% of the time, the stop 49%, and 7% 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
Daily1644%56%0%
Hourly6943%48%9%

Adani Green Energy against the rest

ChartsFoundTarget firstStop firstWent nowhere
Adani Green Energy8544%49%7%
All Indian stock market charts6,20039%54%6%
Every market12,76840%54%6%

Year by year

YearFoundTarget firstStop first
2019333%67%
2021743%57%
2024333%33%
20254349%44%
20262938%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 gap up is

Price opened above the previous candle's high. It jumped up between the two candles.

Imagine a shop that shuts at night. While it is closed, everyone hears great news about a toy, so when the shop opens, the very first price is already above anything paid the day before. On a chart, a candle that starts above the top of the candle before it is called a gap up.

The full gap 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 · EMA 9/21 bearish cross · MACD bearish cross · EMA 9/21 bullish cross · all of them

The gap up elsewhere

Sensex · Nifty 50 · Bank Nifty · Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · ICICI Bank · Hindalco · State Bank of India · Dow Jones · S&P 500 · Nikkei 225 · Sony

Questions

How often does the gap up work on Adani Green Energy?

In 85 cases on Adani Green Energy, the target (1.5 × ATR) came before the stop (1 × ATR) 44% of the time and the stop came first 49%; 7% went nowhere within 12 candles.

What is the gap up?

Price opened above the previous candle's high. It jumped up between the two candles.