Indian stock market · price-structure setup
Gap down on TCS
On TCS the gap down showed up 97 times. The target came first 51% of the time, the stop 44%, and 5% went nowhere within 12 candles.
Counted on Tata Consultancy Services: daily candles from January 2015 and hourly candles from September 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 35 | 43% | 51% | 6% |
| Hourly | 62 | 55% | 40% | 5% |
TCS against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| TCS | 97 | 51% | 44% | 5% |
| 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 | 75% | 25% |
| 2018 | 3 | 33% | 0% |
| 2022 | 12 | 42% | 58% |
| 2023 | 3 | 33% | 67% |
| 2024 | 4 | 75% | 25% |
| 2025 | 35 | 60% | 34% |
| 2026 | 29 | 48% | 48% |
The last 8 times
- 31 Jul 2026 · daily · stop first after 1 candle
- 24 Jul 2026, 09:15 IST · hourly · stop first after 3 candles
- 15 Jul 2026, 09:15 IST · hourly · stop first after 7 candles
- 19 Jun 2026, 09:15 IST · hourly · stop first after 5 candles
- 19 Jun 2026 · daily · target first after 7 candles
- 18 Jun 2026, 09:15 IST · hourly · target first after 2 candles
- 11 Jun 2026, 09:15 IST · hourly · stop first after 1 candle
- 8 Jun 2026, 09:15 IST · hourly · target first after 10 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 TCS
Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Doji · MACD bullish cross · Volume profile rejection · MACD bearish cross · Gap up · 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 TCS?
In 97 cases on TCS, the target (1.5 × ATR) came before the stop (1 × ATR) 51% of the time and the stop came first 44%; 5% 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.