LIC 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...
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...
What 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...
Good Day Today for me. Mostly traded as per plan. NIFTY is still in the large range of 8050 to 9150. But now, the breakout may have happened above 9050. Idea was to ride 8500 and 9200 OTM options. Then when NIFTY consolidated above 9000, I sold credit spread, which again turned out well as NIFTY expired above 9000.
R 21518 Below this level target is 21094(breakdonw) , suppose breakdown this level will push price 20532 and 20415 . Recent, GAP was almost 661 points which is -ve for DJIA. If suppose price close above 21518 will push price upward. (low chance)
The gap was partially filled, so there was buying initially, I wanted to play complete gap fill, but observed that there is no momentum in upward breakouts, hence exited the trade.
Before Market opens 1. US Markets were up 6% 2. All Asian markets up 3. First Large Gap up above resistance and previous high. This was a chance trade with high risk. Because if this gap holds during the day, then it becomes turning point for the market as it eats up many shorts aggressively. Closed the trade with loss as the gap did not hold.
IT IS RESPECTING BULL FLAG PATTERN BUT IF LOWER LINE BROKEN MAX IT SHOULD GO TILL ARROW AS THERE IS GAP AND IT WILL BE FILLED TODAY GAP UP AND SAME DAY GAP FILL?
MARKET DOES NOT LIKE GAP SO NIFTY FILLED GAP OF 200 POINTS AND TOOK SUPPORT AT VERY CRUCIAL SUPPORT AREA 11380 TO 11420...NOW IF NEAR TERM RESISTANCE OF 11500 TAKEN OUT THAN NIFTY CAN BE EASILY GO TO 11670 TO 11700 LEVELS...IF NIFTY TAKEN OUT 11380 VIEW WILL BE INVALIDATE
WILL THE GAP BE FILLED I AM ACTUALLY WAITING FOR FRIDAY 13.3.19 MEETING. WHAT IS GOING TO BE OUTCOME. FOR A WHILE NIFTY LOOKS RANGE BOUND IN HOURLY AND DAILY TIME FRAME. ALSO NIFTY WILL SET NEW DIRECTION IF 200 EMA RESISTANCE IS BROKEN AND TAKEN SUPPORT ON IT (TIME FRAME HOURLY)
200 EMA HOURLY RESISTANCE. IF NIFTY ENTERS THE GAP IT WILL FILL THE GAP WITH RESISTANCE AT 11020. IT WILL A SIMPLE TRADE. VIEW ON NIFTY MIGHT BE LONG IF HEALTHY BREAKOUT GIVEN OF 200 EMA.
You can see gap in price of TCS today, a gap was also present last year in October and it soon filled. Today's gap will also be filled in near future.
A gap can be seen in the price of Asian Paints(highlighted in green), a previous attempt to fill the gap on 18th April did not succeed, stock has been able to hold Fibonacci level of 23.6%. Two successive dojis can be seen recently and delivery percentage for last three days are 55%,67%,57%(positive sign). The stock might move up once again to fill the gap. Jai Hind
Bank of Baroda CMP 123.40 Levels are mentioned in the chart In case u LIKE the IDEA and find the analysis helpful do HIT the LIKE button and FOLLOW to get regular updates from us. take care & safe trading...!!!