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Indian stock market · indicator signal
Fibonacci bounce down on Grasim
On Grasim the fibonacci bounce down showed up 37 times. The target came first 5% of the time, the stop 92%, and 3% went nowhere within 12 candles.
Counted on Grasim: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 22 | 5% | 91% | 5% |
| Hourly | 15 | 7% | 93% | 0% |
Grasim against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Grasim | 37 | 5% | 92% | 3% |
| 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 |
|---|---|---|---|
| 2017 | 4 | 0% | 100% |
| 2018 | 3 | 0% | 100% |
| 2020 | 3 | 33% | 33% |
| 2022 | 4 | 0% | 100% |
| 2024 | 3 | 0% | 100% |
| 2025 | 11 | 0% | 100% |
| 2026 | 8 | 12% | 88% |
The last 8 times
- 28 Jul 2026, 11:15 IST · hourly · stop first after 5 candles
- 28 Jul 2026, 09:15 IST · hourly · stop first after 2 candles
- 10 Jun 2026, 10:15 IST · hourly · stop first after 1 candle
- 13 May 2026, 12:15 IST · hourly · stop first after 2 candles
- 30 Apr 2026, 15:15 IST · hourly · stop first after 1 candle
- 17 Mar 2026, 15:15 IST · hourly · stop first after 1 candle
- 17 Mar 2026, 10:15 IST · hourly · stop first after 6 candles
- 6 Mar 2026, 14:15 IST · hourly · target first after 2 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 Grasim
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · Volume profile rejection · MACD bearish cross · Volume profile bounce · EMA 9/21 bullish cross · EMA 9/21 bearish 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 Grasim?
In 37 cases on Grasim, the target (1.5 × ATR) came before the stop (1 × ATR) 5% of the time and the stop came first 92%; 3% 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.