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Markets › Mahindra & Mahindra › Gap up

Indian stock market · price-structure setup

Gap up on Mahindra & Mahindra

On Mahindra & Mahindra the gap up showed up 101 times. The target came first 33% of the time, the stop 64%, and 3% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily2438%62%0%
Hourly7731%65%4%

Mahindra & Mahindra against the rest

ChartsFoundTarget firstStop firstWent nowhere
Mahindra & Mahindra10133%64%3%
All Indian stock market charts6,20039%54%6%
Every market12,76840%54%6%

Year by year

YearFoundTarget firstStop first
2018333%67%
20224100%0%
202430%100%
20255336%64%
20262924%66%

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 Mahindra & Mahindra

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

The gap up elsewhere

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

Questions

How often does the gap up work on Mahindra & Mahindra?

In 101 cases on Mahindra & Mahindra, the target (1.5 × ATR) came before the stop (1 × ATR) 33% of the time and the stop came first 64%; 3% 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.