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Indian stock market · indicator signal

Fibonacci bounce down on Infosys

On Infosys the fibonacci bounce down showed up 45 times. The target came first 27% of the time, the stop 69%, and 4% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily2129%62%10%
Hourly2425%75%0%

Infosys against the rest

ChartsFoundTarget firstStop firstWent nowhere
Infosys4527%69%4%
All Indian stock market charts3,01438%57%4%
Every market17,93635%57%8%

Year by year

YearFoundTarget firstStop first
2017450%25%
201930%67%
2022425%75%
2024450%50%
20251822%78%
20261127%73%

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 Infosys

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

The fibonacci bounce down elsewhere

Sensex · Nifty 50 · Bank Nifty · Bharti Airtel · Mahindra & Mahindra · Coal India · ICICI Bank · Hindalco · State Bank of India · Shriram Finance · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the fibonacci bounce down work on Infosys?

In 45 cases on Infosys, the target (1.5 × ATR) came before the stop (1 × ATR) 27% of the time and the stop came first 69%; 4% 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.