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Indian stock market · indicator signal

Fibonacci bounce up on Larsen & Toubro

On Larsen & Toubro the fibonacci bounce up showed up 23 times. The target came first 52% of the time, the stop 39%, and 9% went nowhere within 12 candles.

Counted on Larsen & Toubro: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1155%36%9%
Hourly1250%42%8%

Larsen & Toubro against the rest

ChartsFoundTarget firstStop firstWent nowhere
Larsen & Toubro2352%39%9%
All Indian stock market charts2,60038%57%5%
Every market16,35735%58%8%

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 up is

After a big rise, price pulled back to the 50 to 61.8% zone and bounced.

Imagine climbing a hill, sliding back about halfway, then catching your footing and climbing again. Fibonacci levels mark how far back price slid compared with the climb. A Fibonacci bounce up is when price slides back into the 50% to 61.8% zone and bounces.

The full fibonacci bounce up lesson, video and quiz ›

Other patterns on Larsen & Toubro

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Volume profile rejection · Doji · MACD bearish cross · EMA 9/21 bearish cross · EMA 9/21 bullish cross · MACD bullish cross · all of them

The fibonacci bounce up elsewhere

Sensex · Nifty 50 · Bharti Airtel · Infosys · 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 up work on Larsen & Toubro?

In 23 cases on Larsen & Toubro, the target (1.5 × ATR) came before the stop (1 × ATR) 52% of the time and the stop came first 39%; 9% went nowhere within 12 candles.

What is the fibonacci bounce up?

After a big rise, price pulled back to the 50 to 61.8% zone and bounced.