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Indian stock market · indicator signal

Fibonacci bounce up on Yes Bank

On Yes Bank the fibonacci bounce up showed up 48 times. The target came first 31% of the time, the stop 58%, and 10% went nowhere within 12 candles.

Counted on Yes Bank: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily2227%55%18%
Hourly2635%62%4%

Yes Bank against the rest

ChartsFoundTarget firstStop firstWent nowhere
Yes Bank4831%58%10%
All Indian stock market charts2,60038%57%5%
Every market16,35735%58%8%

Year by year

YearFoundTarget firstStop first
20173100%0%
202230%100%
202340%50%
202450%100%
20252143%48%
2026729%57%

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 fibonacci bounce up is

After a big rise, price pulled back to the 50 to 61.8% zone and bounced.

Imagine climbing a hill, sliding back about halfway, then catching your footing and climbing again. Fibonacci levels mark how far back price slid compared with the climb. A Fibonacci bounce up is when price slides back into the 50% to 61.8% zone and bounces.

The full fibonacci bounce up lesson, video and quiz ›

Other patterns on Yes Bank

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

The fibonacci bounce up elsewhere

Sensex · Nifty 50 · Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · ICICI Bank · Hindalco · State Bank of India · Shriram Finance · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the fibonacci bounce up work on Yes Bank?

In 48 cases on Yes Bank, the target (1.5 × ATR) came before the stop (1 × ATR) 31% of the time and the stop came first 58%; 10% went nowhere within 12 candles.

What is the fibonacci bounce up?

After a big rise, price pulled back to the 50 to 61.8% zone and bounced.