Markets › BHEL › Fibonacci bounce down
Indian stock market · indicator signal
Fibonacci bounce down on BHEL
On BHEL the fibonacci bounce down showed up 60 times. The target came first 32% of the time, the stop 62%, and 7% went nowhere within 12 candles.
Counted on BHEL: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 14 | 50% | 36% | 14% |
| Hourly | 46 | 26% | 70% | 4% |
BHEL against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| BHEL | 60 | 32% | 62% | 7% |
| All Indian stock market charts | 3,014 | 38% | 57% | 4% |
| Every market | 17,936 | 35% | 57% | 8% |
Year by year
| Year | Found | Target first | Stop first |
|---|---|---|---|
| 2019 | 3 | 0% | 67% |
| 2024 | 13 | 38% | 46% |
| 2025 | 21 | 43% | 57% |
| 2026 | 18 | 6% | 94% |
The last 8 times
- 16 Jun 2026, 11:15 IST · hourly · stop first after 10 candles
- 16 Jun 2026, 10:15 IST · hourly · stop first after 11 candles
- 15 Jun 2026, 14:15 IST · hourly · stop first after 3 candles
- 15 Jun 2026, 12:15 IST · hourly · stop first after 5 candles
- 3 Jun 2026, 09:15 IST · hourly · stop first after 5 candles
- 21 May 2026, 12:15 IST · hourly · stop first after 4 candles
- 21 May 2026, 10:15 IST · hourly · stop first after 6 candles
- 20 May 2026, 11:15 IST · hourly · stop first after 3 candles
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 BHEL
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Volume profile rejection · MACD bullish cross · MACD bearish cross · EMA 9/21 bullish cross · EMA 9/21 bearish cross · Volume profile bounce · 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 BHEL?
In 60 cases on BHEL, the target (1.5 × ATR) came before the stop (1 × ATR) 32% of the time and the stop came first 62%; 7% 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.