Exhaustiongap
Tata Motor - Runaway gaps or Exhaustion Gap (Learning)
Runaway Gaps
Good uptrend can have runaway gaps caused by significant news events that cause new interest in the stock. There is a significant increase in volume during and after the runaway gap.
Recent Events - Tata AGM 2022
Exhaustion Gaps
This Gaps formed near or the end of good uptrend. Identified by high volume with a large price difference between previous days close and opening price. This are quickly filled as prices reverse their trends.
Please let me know if I am wrong or rights.
Mentorship InstaView 07 Sept’21: Today's low Important Now
Nifty View: Intraday volatility makes a comeback as the benchmark Nifty oscillates within a days range of 150 points. At a close of 17,375, the index lost 28 points on a day on day basis and form a beautiful "Doji". Yesterday we spoke about the possibility of an exhaustion gap on the daily charts and keeping in mind today's price action this possibility to be an exhaustion is quite high. Important level to watch for tomorrow will be today's law of 17,300, break below which will definitely infuse selling pressure in the overall market. Please watch the video for a more detailed analysis.
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Mentorship InstaView 06 Sept’21: Was it an Exhaustion Gap today?
Nifty View: Yet another positive daily close for the benchmark Nifty index in today’s session - up close to half a percent to end above 17,400. We had a gap up opening today post which there was a definite lack of follow-through buying which has lead to a small bodied daily bar. We have also noticed profit taking from most large cap index stocks like RELIANCE which have slipped from their respective daily highs. Can this lead to a short term top and eventually a correction this week? Please watch the video for a more detailed analysis.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.