Indian stock market · price-structure setup
Gap down on Hindalco
On Hindalco the gap down showed up 95 times. The target came first 34% of the time, the stop 63%, and 3% went nowhere within 12 candles.
Counted on Hindalco: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 31 | 29% | 68% | 3% |
| Hourly | 64 | 36% | 61% | 3% |
Hindalco against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Hindalco | 95 | 34% | 63% | 3% |
| All Indian stock market charts | 4,938 | 35% | 61% | 4% |
| Every market | 10,856 | 36% | 61% | 4% |
Year by year
| Year | Found | Target first | Stop first |
|---|---|---|---|
| 2016 | 3 | 0% | 100% |
| 2020 | 3 | 33% | 67% |
| 2021 | 3 | 0% | 67% |
| 2022 | 8 | 38% | 62% |
| 2024 | 5 | 20% | 80% |
| 2025 | 29 | 41% | 59% |
| 2026 | 40 | 35% | 60% |
The last 8 times
- 11 Sep 2026 · daily · target first after 12 candles
- 24 Jul 2026, 09:15 IST · hourly · stop first after 7 candles
- 17 Jul 2026, 09:15 IST · hourly · target first after 4 candles
- 7 Jul 2026, 09:15 IST · hourly · stop first after 7 candles
- 30 Jun 2026, 09:15 IST · hourly · stop first after 2 candles
- 25 Jun 2026, 09:15 IST · hourly · stop first after 2 candles
- 24 Jun 2026, 09:15 IST · hourly · stop first after 1 candle
- 23 Jun 2026, 09:15 IST · hourly · target first after 4 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 down is
Price opened below the previous candle's low. It jumped down between the two candles.
Imagine a shop that shuts at night. While it is closed, bad news spreads about a toy, so when the shop opens, the very first price is already below anything paid the day before. On a chart, a candle that starts below the bottom of the candle before it is called a gap down.
The full gap down lesson, video and quiz ›
Other patterns on Hindalco
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · MACD bearish cross · Doji · Volume profile rejection · Gap up · RSI overbought drop · EMA 9/21 bullish cross · all of them
The gap down elsewhere
Sensex · Nifty 50 · Bank Nifty · Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · ICICI Bank · State Bank of India · Shriram Finance · Dow Jones · S&P 500 · Nikkei 225 · Sony
Questions
How often does the gap down work on Hindalco?
In 95 cases on Hindalco, the target (1.5 × ATR) came before the stop (1 × ATR) 34% of the time and the stop came first 63%; 3% went nowhere within 12 candles.
What is the gap down?
Price opened below the previous candle's low. It jumped down between the two candles.