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Indian stock market · indicator signal

Fibonacci bounce down on Adani Ports

On Adani Ports the fibonacci bounce down showed up 51 times. The target came first 29% of the time, the stop 59%, and 12% went nowhere within 12 candles.

Counted on Adani Ports: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily2025%60%15%
Hourly3132%58%10%

Adani Ports against the rest

ChartsFoundTarget firstStop firstWent nowhere
Adani Ports5129%59%12%
All Indian stock market charts3,01438%57%4%
Every market17,93635%57%8%

Year by year

YearFoundTarget firstStop first
2016450%50%
202030%100%
20213100%0%
202330%100%
202440%25%
2025147%86%
20261850%39%

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 down is

After a big fall, price rallied back to the 50 to 61.8% zone and turned down.

Imagine falling down a slide, climbing back up about halfway, then slipping down again. Fibonacci levels mark how far price climbed back compared with the fall. A Fibonacci bounce down is when price rallies back into the 50% to 61.8% zone and turns down.

The full fibonacci bounce down lesson, video and quiz ›

Other patterns on Adani Ports

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

The fibonacci bounce down 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 · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the fibonacci bounce down work on Adani Ports?

In 51 cases on Adani Ports, the target (1.5 × ATR) came before the stop (1 × ATR) 29% of the time and the stop came first 59%; 12% went nowhere within 12 candles.

What is the fibonacci bounce down?

After a big fall, price rallied back to the 50 to 61.8% zone and turned down.