GAP ANALYSIS IS ONE OF THE MOST UNDERRATED STUDY AMONG THE TRADERS...EITHER BECAUSE OF ITS NATURE OF SIMPLICITY OR IT MUST HAVE FAILED TO GENERATE ENOUGH INTEREST...I WILL NOT DWELL UPON THE THEORETICAL PART AS MOST OF YOU MUST BE AWARE...IN SIMPLE TERMS I WOULD HIGHLIGHT THE CRUX ..."NO TRADE- PRICE RANGE" THAT MEANS IN THAT PRICE INDEX HAVE NOT TRADED...AT ALL...SO LETS ANALYSE.THE SWING FROM MAR -TILL DATE ARE IN TWO PARTS...FIRST LEG DOWNTREND AND THE SECOND LEG UPTREND...IDENTIFIED THE GAPS...AND SCRATCHED OUR HEADS....EUREKA!!! UPTREND IS CLEARLY FILLING THE GAPS OF THE DOWNTREND....SO GAPS CERTAINLY GET FILLED WITH TIME...BUT WHEN??? SO THE NEXT QUESTION?? THE TWO GAPS AT THE TOP IN THE CHART WHICH AWAITS TO GET FILLED ARE THEY NEXT???IS THAT SO??? AS PER HURST CYCLE...PEAKS/ CREST AND BOTTOM/TROUGH IN ANY MARKET USUALLY OCCURS IN CYCLES..."A SUCCEEDING SWING FILLS GAP OF PRECEDING SWING"...GAPS ARE GAPS.."CHOTA BADA KUCH NAHI HOTA" AND U WILL AGREE WITH ME...BUT IRONY GAPS CREATED AT THE BOTTOM DURING MID APRIL IS STILL UNTOUCHED...WHY??? I THINK TO SCREW US AGAIN..THINK OVER IT.
ANALYSIS IS PURELY FOR EDUCATIONAL PURPOSE...AS SUCH U CANT TRADE WITH THIS DATA POINTS!!!JUST JOKING REGARDS...
@coinyboy, i like it yaar....are bhai khena kya chate ho...
bimalscave
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@GauravJain2fc27598895c43a3, SIR AS I SAID EARLIER IN PARA 2...ITS AN ANALYSIS, A STUDY NOT A TRADING SUGGESTION. PLEASE CHECK MY ELLIOT FORECAST FOR 03 AUG. AGAIN TRADE AS PER OWN RISK ASSESSMENT AND ANALYSIS AND CERTAINLY POST YOUR FEEDBACK WILL LOVE TO RECTIFY IF MENTION ANY LACUNAE.
bimalscave
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@coinyboy, SIR AS I SAID EARLIER IN PARA 2...ITS AN ANALYSIS, A STUDY NOT A TRADING SUGGESTION. PLEASE CHECK MY ELLIOT FORECAST FOR 03 AUG. AGAIN TRADE AS PER OWN RISK ASSESSMENT AND ANALYSIS.
practicalbull.mmb
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@bimalscave well said.. But the crucial question that you rightly pointed out - "WHEN" remains :)
bimalscave
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@PracticalBull.mmb,BHAI!!! THAT TIME FIB ON CHART IS FOR WHAT???
practicalbull.mmb
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@bimalscave, My view (& count) is a little different.
If 11000 breaks then the bottom will be around 10950-975 (but not below 10930) and Nifty will show a top near 11550-11600 in about 2 weeks (17th-21st August).
If Nifty gaps up by 30-40 points and immediately takes out 11113, then higher chances that Nifty will rally to 11362 immediately (By Wednesday) and then give a strong correction again.
My view currently is more biased towards the 1st possibility playing out.