Indian stock market · price-structure setup
Gap down on Reliance
On Reliance the gap down showed up 88 times. The target came first 41% of the time, the stop 59%, and 0% went nowhere within 12 candles.
Counted on Reliance Industries: daily candles from January 2015 and hourly candles from September 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 25 | 40% | 60% | 0% |
| Hourly | 63 | 41% | 59% | 0% |
Reliance against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Reliance | 88 | 41% | 59% | 0% |
| 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 |
|---|---|---|---|
| 2020 | 5 | 40% | 60% |
| 2022 | 10 | 50% | 50% |
| 2024 | 8 | 75% | 25% |
| 2025 | 28 | 29% | 71% |
| 2026 | 31 | 45% | 55% |
The last 8 times
- 28 Jul 2026, 09:15 IST · hourly · stop first after 1 candle
- 24 Jul 2026, 09:15 IST · hourly · stop first after 1 candle
- 20 Jul 2026, 09:15 IST · hourly · target first after 7 candles
- 14 Jul 2026, 09:15 IST · hourly · stop first after 1 candle
- 13 Jul 2026, 09:15 IST · hourly · target first after 7 candles
- 8 Jul 2026, 09:15 IST · hourly · target first after 4 candles
- 29 Jun 2026, 09:15 IST · hourly · target first after 4 candles
- 8 Jun 2026, 09:15 IST · hourly · target first after 5 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 Reliance
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · MACD bearish cross · MACD bullish cross · Volume profile rejection · EMA 9/21 bearish cross · EMA 9/21 bullish 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 Reliance?
In 88 cases on Reliance, the target (1.5 × ATR) came before the stop (1 × ATR) 41% of the time and the stop came first 59%; 0% 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.