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Indian stock market · indicator signal

Fibonacci bounce down on HDFC Life

On HDFC Life the fibonacci bounce down showed up 28 times. The target came first 64% of the time, the stop 36%, and 0% went nowhere within 12 candles.

Counted on HDFC Life: daily candles from November 2017 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily771%29%0%
Hourly2162%38%0%

HDFC Life against the rest

ChartsFoundTarget firstStop firstWent nowhere
HDFC Life2864%36%0%
All Indian stock market charts3,01438%57%4%
Every market17,93635%57%8%

Year by year

YearFoundTarget firstStop first
2022367%33%
20251560%40%
2026875%25%

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 HDFC Life

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Doji · Volume profile rejection · MACD bullish cross · Volume profile bounce · MACD bearish 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 HDFC Life?

In 28 cases on HDFC Life, the target (1.5 × ATR) came before the stop (1 × ATR) 64% of the time and the stop came first 36%; 0% 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.