Indian stock market · price-structure setup
Gap down on Nifty 50
On Nifty 50 the gap down showed up 130 times. The target came first 34% of the time, the stop 62%, and 4% went nowhere within 12 candles.
Counted on Nifty 50: daily candles from January 2015 and hourly candles from September 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 47 | 21% | 79% | 0% |
| Hourly | 83 | 41% | 53% | 6% |
Nifty 50 against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Nifty 50 | 130 | 34% | 62% | 4% |
| 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 |
|---|---|---|---|
| 2016 | 4 | 25% | 75% |
| 2017 | 4 | 0% | 100% |
| 2018 | 4 | 0% | 100% |
| 2020 | 9 | 0% | 100% |
| 2021 | 8 | 12% | 88% |
| 2022 | 13 | 46% | 54% |
| 2024 | 3 | 33% | 67% |
| 2025 | 37 | 49% | 49% |
| 2026 | 48 | 35% | 56% |
The last 8 times
- 11 Sep 2026, 09:15 IST · hourly · stop first after 4 candles
- 9 Sep 2026, 09:15 IST · hourly · stop first after 1 candle
- 2 Sep 2026, 09:15 IST · hourly · stop first after 7 candles
- 7 Aug 2026, 09:15 IST · hourly · went nowhere
- 24 Jul 2026, 09:15 IST · hourly · stop first after 2 candles
- 24 Jul 2026 · daily · stop first after 1 candle
- 23 Jul 2026, 09:15 IST · hourly · target first after 3 candles
- 22 Jul 2026, 09:15 IST · hourly · target 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 Nifty 50
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Gap up · Spinning top · Doji · MACD bearish cross · MACD bullish cross · RSI overbought drop · EMA 9/21 bearish cross · all of them
The gap down elsewhere
Sensex · Bank Nifty · Bharti Airtel · Infosys · Mahindra & Mahindra · 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 down work on Nifty 50?
In 130 cases on Nifty 50, the target (1.5 × ATR) came before the stop (1 × ATR) 34% of the time and the stop came first 62%; 4% 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.