Gap down opened on 27.07.2023 after earning a report on that day indecision in market participants formed a neutral candle at both sides and tried to break the zone. On 28.07.2023 candles just formed inside the previous day candle show signs of aggressive sellers absence. On 31.07.2023 buyers entered the zone and drove the price above 27.07.2023 open shows +ve sign. 01.08.2023 A good number of buyers entered and drove the price further. But note volume is less than the previous day. Today crossed resistance 1140. Tomorrow 1140 zone will act as support to drove the price further in +ve side.
Comment:
With two neutral days stock. Today 04.08.2023 up 30 points.
Trade closed: target reached:
Traget 1200 Reached.