Gap Up, Red Candle with Upper Wick
Opened 1-15% above the previous close, rejected from the high (upper wick of at least 0.5%) and is trading as a red day candle near its low. 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
A gap up that cannot hold is one of the clearest intraday rejections: early buyers pay up at the open, then supply absorbs every rally and the candle fades into a red body with an upper wick. This scan lists liquid NSE stocks that opened 1-15% above the previous close and are now red on the day's candle, closing in its lower part, with a wick of at least 0.5% above the open. The reading uses the live daily candle (official open, running high and low, latest price), so it is the same on 5m, 15m, 1h and 1d and updates every few minutes; after 3:15 PM it is the settled picture.
Scan Rules
Stock passes all of the below filters in the ALL segment using 1D candles:
- 1.Day Gap Up % between 1
- 2.Day Body % less than 0
- 3.Day Upper Wick % greater than or equal to 0.5
- 4.Day Close Location % less than or equal to 40
- 5.Traded Value (Rs lakh) greater than or equal to 500
Last Session Sample
As of 2026-11-06, 14 stocks passed every rule. The 5 below are the strongest movers on the list.
| Symbol | Close | Change vs previous close |
|---|---|---|
| BRITANNIA | 4785 | -3.92% |
| TONBO | 1472.4 | -3.78% |
| TIMETECHNO | 170.65 | -1.98% |
| CPPLUS | 4131.4 | -0.94% |
| PERSISTENT | 6053.5 | -0.92% |
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How To Use This Scan
- •Check the wick: a long upper wick means the high was rejected, not just that price drifted lower.
- •Compare the gap with the previous day's range - a gap into resistance fails more often than a gap out of a base.
- •The scan reads the live daily candle, so re-run it through the session to see whether the fade is deepening or the stock is recovering.
Frequently Asked Questions
What does gap up but closed red mean?
The stock opened above the previous close but traded back below its own opening price, finishing as a red candle. The upper wick marks where buyers gave up.
Is a gap up red candle bearish?
It is a rejection signal, not a guarantee. Volume, the prior trend and where the gap landed relative to resistance decide whether the fade continues. Use stops around the day's high.