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Markets › ICICI Bank › Gap up

Indian stock market · price-structure setup

Gap up on ICICI Bank

On ICICI Bank the gap up showed up 124 times. The target came first 29% of the time, the stop 65%, and 6% went nowhere within 12 candles.

Counted on ICICI Bank: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily4038%58%5%
Hourly8425%68%7%

ICICI Bank against the rest

ChartsFoundTarget firstStop firstWent nowhere
ICICI Bank12429%65%6%
All Indian stock market charts6,20039%54%6%
Every market12,76840%54%6%

Year by year

YearFoundTarget firstStop first
201630%100%
2017520%80%
2018425%50%
2019333%67%
2020425%75%
2021450%50%
2022771%29%
2024475%25%
20255925%66%
20262924%69%

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 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 ICICI Bank

Inside bar · Stochastic bearish cross · Spinning top · Stochastic bullish cross · Doji · MACD bearish cross · Gap down · Volume profile rejection · MACD bullish cross · Volume profile bounce · all of them

The gap up elsewhere

Sensex · Nifty 50 · Bank Nifty · Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · Hindalco · State Bank of India · Shriram Finance · Dow Jones · S&P 500 · Nikkei 225 · Sony

Questions

How often does the gap up work on ICICI Bank?

In 124 cases on ICICI Bank, the target (1.5 × ATR) came before the stop (1 × ATR) 29% of the time and the stop came first 65%; 6% 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.