Gap Down Recovery: Closed Above Previous Close
Gapped down 1-15%, printed a lower wick of at least 0.5%, then recovered the whole gap to trade above yesterday's close - a fully reversed gap (green on the day, not just a green candle). Judged on the live daily candle (official open, running high / low, latest price) against the previous official close - the same answer on 5m, 15m, 1h and 1d, refreshed every few minutes; best read after 3:15 PM.
About This Scan
The strictest version of a gap-down reversal: the stock opened 1-15% lower, printed a lower wick, then rallied through yesterday's close and is green on the day. A gap that is completely bought back often marks a short squeeze or a news reaction that the market chose to ignore.
Scan Rules
Stock passes all of the below filters in the ALL segment using 1D candles:
- 1.Day Gap Down % between 1
- 2.Day Change vs Previous Close % greater than 0
- 3.Day Lower Wick % greater than or equal to 0.5
- 4.Traded Value (Rs lakh) greater than or equal to 500
Last Session Sample
As of 2026-11-06, 49 stocks passed every rule. The 5 below are the strongest movers on the list.
| Symbol | Close | Change vs previous close |
|---|---|---|
| KIRLPNU | 615.35 | +7.64% |
| ACE | 1167.7 | +3.55% |
| SBILIFE | 1784 | +2.82% |
| CEMPRO | 1323.3 | +2.79% |
| MINDACORP | 712.65 | +2.71% |
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How To Use This Scan
- •Yesterday's close is the line that had to be reclaimed - holding above it shows buyers won the day.
- •Check relative volume: recoveries on heavy volume are far more reliable.
- •Use the broader 'Gap Down, Green Candle with Lower Wick' scan for earlier, less strict signals.
Frequently Asked Questions
What is a gap down reversal?
A stock opens lower than the previous close and then reverses to close higher. This scan requires the close to be above both the open and the previous close.
Does this work on intraday charts?
Yes. The scan reads the live daily candle, so it gives the same answer on 5m, 15m, 1h and 1d and refreshes every few minutes.