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Markets › State Bank of India › Gap up

Indian stock market · price-structure setup

Gap up on State Bank of India

On State Bank of India the gap up showed up 106 times. The target came first 39% of the time, the stop 55%, and 7% went nowhere within 12 candles.

Counted on State Bank of India: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily3247%50%3%
Hourly7435%57%8%

State Bank of India against the rest

ChartsFoundTarget firstStop firstWent nowhere
State Bank of India10639%55%7%
All Indian stock market charts6,20039%54%6%
Every market12,76840%54%6%

Year by year

YearFoundTarget firstStop first
2016450%50%
2017540%40%
2019333%67%
2020633%67%
2021367%33%
2022367%33%
20255235%58%
20262532%60%

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 State Bank of India

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

The gap up elsewhere

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

Questions

How often does the gap up work on State Bank of India?

In 106 cases on State Bank of India, the target (1.5 × ATR) came before the stop (1 × ATR) 39% of the time and the stop came first 55%; 7% 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.