Indian stock market · price-structure setup
Gap up on BHEL
On BHEL the gap up showed up 66 times. The target came first 44% of the time, the stop 52%, and 5% 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 | 19 | 47% | 47% | 5% |
| Hourly | 47 | 43% | 53% | 4% |
BHEL against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| BHEL | 66 | 44% | 52% | 5% |
| All Indian stock market charts | 6,200 | 39% | 54% | 6% |
| Every market | 12,768 | 40% | 54% | 6% |
Year by year
| Year | Found | Target first | Stop first |
|---|---|---|---|
| 2019 | 5 | 40% | 60% |
| 2024 | 5 | 60% | 40% |
| 2025 | 32 | 44% | 50% |
| 2026 | 17 | 47% | 53% |
The last 8 times
- 27 Jul 2026, 09:15 IST · hourly · stop first after 2 candles
- 10 Jul 2026, 09:15 IST · hourly · target first after 7 candles
- 25 Jun 2026, 09:15 IST · hourly · stop first after 7 candles
- 15 Jun 2026, 09:15 IST · hourly · stop first after 3 candles
- 12 Jun 2026, 09:15 IST · hourly · target first after 7 candles
- 4 Jun 2026, 09:15 IST · hourly · stop first after 3 candles
- 25 May 2026, 09:15 IST · hourly · stop first after 3 candles
- 15 Apr 2026, 09:15 IST · hourly · target first after 12 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 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 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 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 BHEL?
In 66 cases on BHEL, the target (1.5 × ATR) came before the stop (1 × ATR) 44% of the time and the stop came first 52%; 5% 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.