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.
- Gap - Neck line Support - Trend line support - Flag pattern - Volume confirmation Wait for the breakout from this major support, after breakout it can fall fast
A shooting star is interpreted as a type of reversal pattern presaging a falling price. Here the shooting star is formed at a resistance and after a gap up opening, which makes it even more bearish.
Might run for small gap fill. Seems to be a long opportunity !
Formed Bullish Engulfing pattern today. The previous gap was acting as resistance. Above 400 should show the price up to 420-425. Follow rules strictly. Showed good momentum today
There are significant number of stocks which have moved up in hurry creating gaps on their way up... These gaps are real concern and can act as one area where these stocks can fall to. Also such gap is there in nifty
This 260 point Gap is seen on hourly chart. I expect it to be filled. Lets wait and watch.
Do not buy into this rally.. it looks like a bull trap which is very common in all bear market corrections. If technical analysis works, I can not think of a stronger sign for a big down move very soon.. 1. Price corrected till golden fib 61.8% level and came down sharp in daily chart 2. It also coincides with the 200 EMA in daily chart. 3. Upward rally is not...
Gap filling and breakout retest done long above 135.60 with Support of 132.50....for t1 137.75/139.60/145
Looking for a gap filling target , otm call can be shorted !!1
Vedanta On 20 May we had recommended this idea as cash buy for a target of 97.5 & above 98 for extended target of 102 / 104. - first we observed Vedanta trading in upward channel highlighted by the blue lines - we got further cues from trading pattern observed at the green gap zone - it acted as resistance on previous 3 occasions & there was signs of gap...
GAIL has been showing good bullish momentum since past 3 weeks
Good area to go long. Gap filling is pending too! But no volume support yet! Any bullish candle with volume can be sign to go long!!
Might fill the Gaps in the channel Case 1 : Short if small trendline breaks Case 2 : Short if resisted at channel upper line Case 3 : Resisted after filing previous gap