Indian stock market · price-structure setup
Gap up on Reliance
On Reliance the gap up showed up 99 times. The target came first 40% of the time, the stop 52%, and 8% 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 | 18 | 39% | 56% | 6% |
| Hourly | 81 | 41% | 51% | 9% |
Reliance against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Reliance | 99 | 40% | 52% | 8% |
| All Indian stock market charts | 6,200 | 39% | 54% | 6% |
| Every market | 12,768 | 40% | 54% | 6% |
Year by year
| Year | Found | Target first | Stop first |
|---|---|---|---|
| 2019 | 3 | 33% | 67% |
| 2020 | 3 | 67% | 33% |
| 2023 | 5 | 80% | 20% |
| 2024 | 4 | 50% | 50% |
| 2025 | 55 | 44% | 49% |
| 2026 | 25 | 28% | 56% |
The last 8 times
- 3 Aug 2026, 09:15 IST · hourly · stop first after 7 candles
- 29 Jul 2026, 09:15 IST · hourly · target first after 4 candles
- 27 Jul 2026, 09:15 IST · hourly · stop first after 7 candles
- 10 Jul 2026, 09:15 IST · hourly · went nowhere
- 3 Jul 2026, 09:15 IST · hourly · stop first after 7 candles
- 17 Jun 2026, 09:15 IST · hourly · stop first after 10 candles
- 15 Jun 2026, 09:15 IST · hourly · stop first after 3 candles
- 15 Jun 2026 · daily · went nowhere
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 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 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 Reliance?
In 99 cases on Reliance, the target (1.5 × ATR) came before the stop (1 × ATR) 40% of the time and the stop came first 52%; 8% 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.