"GAPS ALWAYS GET FILLED" - If not tomorrow, may be sooner or later - WAIT FOR THE PRICE ACTION!

Hope all you witnessed the glenmark story.

If for any reason (profit booking or short retracement) stock breaks 900 level again, it can see a sharp fall towards downside to fill the gap.
RSI confirms the overbought zone. Do not be in hurry! wait for some good price action as it can spend some more time and then break.

NOTE: Trade with caution. It may be result into a runaway gap!

Disclaimer: Take this view only for educational purpose. Trade on your own risk.
Happy trading!


so there is a chance to retrace to 847 levels?
rahuljaiswal1580 jameelke1999
@jameelke1999, Bright chances! But for that it shouldn't sustain above 900 for more than 2-3 days. Otherwise this would result into a runaway gap.
Except July expiry sir?
rahuljaiswal1580 consistentUnic50047
@consistentUnic50047, sorry I didn't get your question
consistentUnic50047 rahuljaiswal1580
@rahuljaiswal1580, I bought 800 pe at 3rs in July expiry. Can I wait target 6?
rahuljaiswal1580 consistentUnic50047
@consistentUnic50047, Once it breaks 900 levels with good volumes it will rush to fill the gap, In such case hold your position and book profits if you see any. If its able to sustain over 900 for few upcoming sessions, better to cut your position beacause it might be a runaway gap which will never get filled. Hope that make sense.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out