Indian stock market · price-structure setup
Gap down on IRCTC
On IRCTC the gap down showed up 51 times. The target came first 39% of the time, the stop 53%, and 8% went nowhere within 12 candles.
Counted on IRCTC: daily candles from October 2019 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 13 | 15% | 77% | 8% |
| Hourly | 38 | 47% | 45% | 8% |
IRCTC against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| IRCTC | 51 | 39% | 53% | 8% |
| 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 |
|---|---|---|---|
| 2021 | 3 | 0% | 100% |
| 2022 | 6 | 17% | 83% |
| 2025 | 21 | 43% | 52% |
| 2026 | 18 | 56% | 33% |
The last 8 times
- 11 Sep 2026, 09:15 IST · hourly · stop first after 7 candles
- 18 Aug 2026, 09:15 IST · hourly · target first after 2 candles
- 13 Aug 2026, 09:15 IST · hourly · target first after 5 candles
- 24 Jul 2026, 09:15 IST · hourly · stop first after 2 candles
- 8 Jun 2026, 09:15 IST · hourly · went nowhere
- 27 May 2026, 09:15 IST · hourly · target first after 7 candles
- 11 May 2026, 09:15 IST · hourly · target first after 7 candles
- 30 Apr 2026, 09:15 IST · hourly · stop first after 7 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 IRCTC
Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Doji · MACD bullish cross · RSI oversold bounce · Volume profile rejection · EMA 9/21 bullish cross · EMA 9/21 bearish cross · all of them
The gap 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
Questions
How often does the gap down work on IRCTC?
In 51 cases on IRCTC, the target (1.5 × ATR) came before the stop (1 × ATR) 39% of the time and the stop came first 53%; 8% 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.