Possibility 1 :-Gap fill and continue up trend Possibility 2 :-Gap fill+ retest of falling wedge supply zone but but!!!! times are hard, covid 19 cases are continuosly rising at an alarming rate and this same type of market structure nifty formed last year before crashing down to near 7500 levels last trading day foreign investors sold a whopping 3500...
You can see that the gap which was formed months ago , is still working perfectly, so be sure to include even gaps in your analysis Must take our paid service
Nifty View: The benchmark Nifty index faired well in today’s trading session gaining close to 150 points to post a close at 14,487. The underlying short-term trend of the index is still down but thanks to this upmove, it's now on the verge of a reversal. The index needs to deal with some serious resistance up ahead. The first range of resistance is within...
Nifty View: Benchmark Nifty manages to post a fine bounce back from today’s intra day low of 14,374. At a close of 14,597 the index has managed a 2-day slow bounce back post the sharp sell-off which we noticed on 12th of April’21. The underlying short term trend of the index is still very much down and the index needs to take off immediate resistance zone of...
Hope, Everyone made a good profit today. . You see that there is a gap that Nifty Filled and then reverse. . So for Tomorrow there is a simple Strategy. . If a Nifty go upside above 14700 we will buy CE 14900. . If a Nifty goes down below 14480, we will buy PE 14400 . In Gap up or Gap down Opening, we will wait for the right time to trade. . Learn More Earn More✌️
This is purely for educational purpose only, trading gaps are high risk high reward. It gives us a reason why a particular stock/index bounced from a particular price. If you think any gap in Day TF is imp. just mark it and see how it goes before trading them.
Nifty can give gapup opening on tomorrow. Or Nifty can retrace inthe the morning. . If the Nifty retrace in the we will buy CE on dip. . If the Nifty give us Gapup opening then we buy PE . . Note: But be cautious for tomorrow, tomorrow is weekly expiry. Bcs on the event of Mahashivratri Thursday Market will be close.
Nifty View: A fine follow through up move from the benchmark Nifty index in today’s session. This brings in some degree of confidence in the bounce and high probability that the index will take out the psychological 15K mark soon. Now sustaining above 15K can be a little tricky as there are multiple resistances moving ahead. At the current close, the index has...
A price gap can be seen on tcs chart, stock could come down in near future to fill this gap as it has done in previous times.
Above 417 add more above 424 SL-398 Target 437-446-460
TCS gave a BO of trendline today, also formed a cup and handle pattern near all time high levels. In past it had taken beautiful support from gap on multiple times. Sustaining above neckline can make newer ATH levels in coming days. For educational purpose.
Banknifty got stuck in a consolidation zone . the way it kept recovering from days low and getting stuck in upper resistance makes a break away GAP high probability on Monday A breakaway gap occurs when the price gaps above a support or resistance area, like those established during a trading range. When the price breaks out of a well-established trading range...
Nifty CMP 12540 Nifty opens gap up yet another day and is up 75 odd points. So is it time to celebrate or time to be cautious??? Lets look at chart set up In the chart we observe - Nifty Breakaway Gap up - Nifty Continuation Gap up - today's yet another Gap up opening could potentially turn out to be an Exhaustion Gap So it would be wise not to get too...
although its a gap there which need to fill but i see it shall take some time , and even if it fill it will not go one way down (leat possiible) thus will be happy to go long on dip for temporary 5% gain
Gap filling can happen if pharma sector is negative.
The stock is likely to emulate the rally that happened by taking support ₹565 post confirming a run-away gap in early April. After forming a fresh gap-up last week, the stock holds on to it and the scrip is in a position to establish another leg of uptrend and form fresh all-time highs.