BNF | Area of Confluence | Gap fill trading |
Updated
In weekly chart (note: two crucial sessions are remaining in a week), BNF taken a support from Area of Confluence and if current week candle closes above Rs 33305 i.e. 1st Feb-21 budget candle high (refer below chart), we can consider trend reversal.
In total in three gap created by BNF past 20 sessions, every gap will act as support & resistance for price movement. Suppose Gap I filled, Resistance & Support will be Rs 34340 – Rs 33540, respectively (refer below chart).
Thanks
In total in three gap created by BNF past 20 sessions, every gap will act as support & resistance for price movement. Suppose Gap I filled, Resistance & Support will be Rs 34340 – Rs 33540, respectively (refer below chart).
Thanks
Note
GAP IVNote
GAP I and GAP IV filled !! Next Target GAP II
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