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Gap

Possiblity of a big down move There is a popular saying "buy the rumor and sell the news" in trading. After PM Modi's speech tonight where he might announce some financial stimulus, there could be a small gap up tomorrow in the market, but I am expecting Nifty to be unable to break 9400 level where there will be heavy selling pressure. If the announcement can not exceed the expectation of the investors, heavy downfall in the market is possible. I am expecting NIfty to go back down till 8100 level to fill the big gap left while moving up.
NSE:NIFTYShort
by ssen
MGM Restorts Int: Will it close the gap below $1023rd, March 2020: the high was $9.81 24th, March 2020: The low was $10.66 -> MGM's price never returned back to $9.82 to close the gap that still remains. It's a hole in the price of MGM. 03rd, April 2020: The lowest price came was to $10.00 The market has a gap between: 23rd March at $9.81 and at $10.00 on April 3rd. There is a 95% chance that the gap between these two will close. The market hardly leaves any gaps in the Daily, weekly and Monthly time frames. So be prepared at those low prices, do not think the market is just going up. It could go either way, but make sure you think of plan, and also adjust it accordingly if things aren't working out. I also spoke about the divergence in an older post. Check that out to see how probability was telling me it's going back down. Today it's beautiful here in Southern part of Canada, Cheers everyone. ))
NYSE:MGM
by JacobTrader100
LIC Housing Finance: Double trouble resistanceLIC HSG FIN Closing price 261.85 Observations - Gap zone created on 4th May 2020 - stock faces resistance exactly at gap levels - broken the channel in the process - zone of 251-254 may provide some support - once that level is taken out the stock may come towards the green line --------------------------------------------------------------------------------------------------------------------------------------------------- Consider selling on rise (preferably in the zone of 265-270) for target of 254 / 246 / 228 Pattern gets invalidated if stock goes closes above 282 on daily charts (for positional play) Intraday traders may look to cut down the risk if stock closes above 272 on hourly chart --------------------------------------------------------------------------------------------------------------------------------------------------- Alternatively one may consider selling LIC HOUSING FINANCE 28 May expiry 280 Call Option around 14-15 Lot size 1300 Max profit potential Rs 18200/- to 19500/- per lot In built loss protection in strategy for a rise up to 294 Take care..!!! Be safe & be strong.
NSE:LICHSGFINShort
by indiamarketoutlook
5
Updated: Upside gap two crows followed by shooting star This is an updated chart of NIFTY 50 (with reference to my previous chart) Upside gap two crows 16 April 2020: It was a bullish candle. (Continuing the bull trend) 17 April 2020: Gap up opening but ended the day with a bearish hanging man pattern. 20 April 2020: Opening was at 9390, i.e more than closing of day 2. It made a bearish engulfing pattern. 22 April & 23 April 2020: Gap was filled (I referred it as retracement in my previous post) 24 April 2020: Shooting star pattern Price Action Formation of rising wedge pattern R1 & S1 are short term support & resistance. (Based on Fibonacci) Conclusion Trends look negative in the short term.
NSE:NIFTYShort
by abhishek_sh4
2
Cipla: Time to Book Some ProfitsWhat market doesn't like is high volume and it hates when it is immediately followed a clear sign of distribution. Its definite that smart money has taken advantage of the parabolic markup and they have started to sell at their favorite auction price. They trap the gullible retail trader at the top and drive the price down to the potential stop loss of the retail buyer and the process of accumulation and distribution repeats. The current surge in volume and price in this stock (after a 10% gap opening on 9th April 2020) can be considered as a full/partial profit taking opportunity rather than a buying opportunity at this point of time. Its better to wait for fresh buying in case of pullback. All the opinions are personal. Do like if it helps. Regards JJSingh
NSE:CIPLA
by Bravetotrade
6
Basic of Gap theory(Common gap, Breakaway gap, Runaway, Exhaus )Gaps can offer evidence that something important has happened to the fundamentals or the psychology of the crowd that accompanies this market movement. Gaps can be subdivided into four basic categories: • Common gap • Breakaway gap • Runaway/ Continuation gap • Exhaustion gap -------------------------------------------------------------------------------------------------------------------------------- --> Common gap-: Common gaps generally occur uneventfully or when there is nervousness among the investor and has low volume , generally gap is filled in the future . --> Breakaway gap( Measuring gaps )-: A breakaway gap is those which have high Volume and the chances are more to cover the gap . The traders who have invested in the wrong side need to cover them. A new change in the market has taken place. The point of news breakout becomes support or resistance. --> Runaway gap-: runaway gap has increased in liquidation and those who are holding the position will get panic and sell/buy. the runaway gap is caused by the trading limit imposed by the exchanges. --> The exhaustion gap ( Island-cluster )-: exhaustion gap happens near the end of the movie. Mainly have a high volume and have a large difference from the previous price, in this state of panic long down move is transpire due to a feeling or belief that bad things will happen. exhaustion gap quickly fills a gap when price reverse. I will update shortly Real-Time use of Gap Trading Strategy shortly. Kindly comment, if you have any questions/suggestions for me. You can share your LOVE by giving LIKES .
NSE:BANKNIFTYEducation
by Trade-Technique
72