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Indian stock market · price-structure setup

Gap up on Adani Ports

On Adani Ports the gap up showed up 80 times. The target came first 35% of the time, the stop 58%, and 8% 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
Daily1625%62%12%
Hourly6438%56%6%

Adani Ports against the rest

ChartsFoundTarget firstStop firstWent nowhere
Adani Ports8035%58%8%
All Indian stock market charts6,20039%54%6%
Every market12,76840%54%6%

Year by year

YearFoundTarget firstStop first
201930%67%
20254040%55%
20263037%53%

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 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 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 Ports?

In 80 cases on Adani Ports, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 58%; 8% 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.