TradingView
vanathi
Sep 25, 2019 2:23 PM

Mighty Nifty - Is gap filling good? Education

Nifty 50 IndexNSE

Description

When price action gave an explosive movement on last friday, most people got the thought that market has become bullish finally. And the same people got confused when prices are falling today. If the sentiment has become bullish, then why price is falling? Last monday price opened gap up, creating a gap. "All the gaps will get filled eventually". And also to have a healthy uptrend, the gap which has been created in early stage should get filled. In few days we will know clearly whether the trend is bullish or bearish.

Comment

Gap filled.
Comments
iincognitioo
I think Gap filling is not a good sign. What do you think ?
vanathi
@iincognitioo, Stop thinking too much :)
iincognitioo
@vanathi, :) okay.
iincognitioo
IF Gap filling occurs in few days (in this case) and price closes under the gap, it indicates market weakness ?
VIVEKROHI99
please suggst monthly call on nifty
More