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Markets › Larsen & Toubro › Gap up

Indian stock market · price-structure setup

Gap up on Larsen & Toubro

On Larsen & Toubro the gap up showed up 94 times. The target came first 33% of the time, the stop 54%, and 13% 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
Daily2528%56%16%
Hourly6935%54%12%

Larsen & Toubro against the rest

ChartsFoundTarget firstStop firstWent nowhere
Larsen & Toubro9433%54%13%
All Indian stock market charts6,20039%54%6%
Every market12,76840%54%6%

Year by year

YearFoundTarget firstStop first
2018450%50%
2020333%67%
2023450%50%
202440%100%
20254035%50%
20263333%55%

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 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 gap up 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 up work on Larsen & Toubro?

In 94 cases on Larsen & Toubro, the target (1.5 × ATR) came before the stop (1 × ATR) 33% of the time and the stop came first 54%; 13% 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.