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Indian stock market · price-structure setup

Gap down on Vodafone Idea

On Vodafone Idea the gap down showed up 48 times. The target came first 38% of the time, the stop 48%, and 15% went nowhere within 12 candles.

Counted on Vodafone Idea: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1735%53%12%
Hourly3139%45%16%

Vodafone Idea against the rest

ChartsFoundTarget firstStop firstWent nowhere
Vodafone Idea4838%48%15%
All Indian stock market charts4,93835%61%4%
Every market10,85636%61%4%

Year by year

YearFoundTarget firstStop first
2016633%50%
2017475%25%
20251533%47%
20261540%47%

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 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 Vodafone Idea

Inside bar · Stochastic bullish cross · Spinning top · Stochastic bearish cross · Volume profile rejection · Doji · MACD bullish cross · RSI oversold bounce · RSI overbought drop · 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 Vodafone Idea?

In 48 cases on Vodafone Idea, the target (1.5 × ATR) came before the stop (1 × ATR) 38% of the time and the stop came first 48%; 15% 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.