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Gapfill

15 Jan ’24 — Bullish reinforcements are on the way! Nifty50Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “Till yesterday, we were looking for neutral trades with a possibility of going down. See how the tables have turned today. For Monday — we need to look out for bullish opportunities now.” 4mts chart Another gap-up of 131pts ~ 0.6% today! It was required to break the channel resistance line. There was a minor fall, but the 22000 level provided early support and we kept the gap unclosed. Once Nifty50 found its balance, it rallied steadily for the day and closed near the highs. The new ATH is 22111. 63mts chart The break away from the channel is evident in the 63mts chart. See the points Nifty is climbing every time it gets a stance upgrade from neutral to bullish. Remember how things were looking weak on the 8th and 10th of Jan and how Nifty turned from there? For tomorrow, the bullish stance continues and the first support will be the ascending channel top-line ~ 22050 levels.
NSE:NIFTYLong
by viswaram
NUCLEUS SOFTWARE REVERSAL PATTTERN FORMED - SHORT POSITION Due To Weak Quaterly Results It Was Underperforming And Trading Low On The Curve From 750 To 350 Since Last 9 Months. But Dec 2022 Results Were Superb Compatative To All Previous Quarters Of Last Year Hence It Rallied Almost 75% In A Week. As Showed In The Chart There Was A Bearish Gap Level Oh 13th August 2023 At 621 - 638 Price, Where We Can Assusme That There Are Maximum Unfilled Orders That Are Placed For Profit Booking. On 24feb,2023 Nucleus Soft Touched That Level And Made Gravestone Doji On Daily Time Frame Basis That Too Formed On Upper Bollinger Band Along With The Rsi Divergence In 2 Hours Time Frame. It Should Correct Till Mean In Daily Tf Bollinger Band I.E 485 Odd Levels And Also There Lies A Demand Zone . Hence Trade Setup Goes Like Crossing Low Of Doji Stoploss - 648 Entry - 624 Tgt - T1 : 576 ( 2:1) T2 - 485. But Trail The Sl After T1 Achieved. Size - According To Risk Of Your Capital.
NSE:NUCLEUSShort
by maharshisavalia
2
DIVISLAB Down to FILL GAP ???!!! Chart Patterns insist me to go with the opinion titled above!!! REASONS: 1. Divislab has been travelling in a MAJOR Expanding Triangular pattern . 2. It's been travelling in a Descending Channel pattern(downswing inside the major pattern). 3. Soon the Stock may take support @ the major support.(Green line shown in chart). 4. There is also a GAP (occured in Aug 2020) ....which too can act as Support!!!(thus gap can be filled.) SL- Day candle closing above 3770 Target - 2900 Let's wait and watch whether its going to take Support or Break it!!!! Note - Just sharing my view ....not a tip nor advice!!!!
NSE:DIVISLABShort
by mmjimm
Gap Trading Combined With Supply & Demand ZonesWhat Are Gaps? Gaps are nothing but Price of a Stock moving up and down sharply with no or little trading happening between the previous days close and current days open. Gaps show an ultimate picture of imbalance between supply & demand. Gap formations are due to many fundamental and technical reasons. Most common example, when there is an announcement of company earnings. Gap Up or Gap Down is imminent the next trading day due to positive or negative news. A trader can profit from gaps provided he/she can identify the type of gap and its location with perspective to Institutional Supply & Demand Zones. Gap Trading Strategy using Supply and Demand Zones A lot of traders are fearful of Gaps and see it as a threat & aren’t comfortable carrying positions overnight. However, for a professional Supply Demand Trader, these Gaps aren’t threats on the contrary they provide high probability trading opportunities, when combined with Supply & Demand Zones. Four Gap Structures That We Look At: 1. Inside Gaps 2. Outside gaps 3. Novice Gaps 4. Professional Gaps 1.How to Identify & Trade Inside Gaps? Inside gaps are created when Price Opens between the prior Day’s High and low. Often these gaps fill quickly on the same day. Inside gaps can be mainly used for quick intraday trades, provided they happen at strong supply & demand zones. Gap Up into a strong Supply Zone provides a good short opportunity, whereas Gap Down into a strong Demand Zone presents a good long opportunity. Let’s see an example: 2.How to Identify & Trade Outside Gaps? Outside gaps are created when Price opens beyond the Prior days High and low. These gaps generally do not fill on the same day. They indicate the establishment of a new Trend or the continuation of the existing one. One must wait for quality Supply & Demand Zones to form after the gap and wait for a pullback to join the new move. Let’s see an example: 3.How to Identify & Trade Novice Gaps? When price gaps in the same direction of the current trend, then it is called a Novice Gap. Novice gaps as the name suggests are created by novice trader emotions and are excellent opportunities to find high probability trade setups. Gap Up or Gap Down after extended moves into quality areas of Supply & Demand, offer us high probability Short & Long opportunities respectively. Let’s see an example: 4.How to Identify & Trade Professional Gaps? When price gaps up in the Opposite direction of the current trend, it is called a Professional Gap or a Pro gap. Pro gaps represent a significant imbalance between Supply & Demand. Pro Gaps generally occur after extended moves in one direction, taking the amateur traders completely by surprise. They generally bring about trend change. Pro Gap Down & Pro Gap Up form high probability Supply & Demand Zones. Pull back to these zones provide us with opportunities to enter at trend change points. Let us see with an example:
NSE:CUBEducation
by MAKTradingSchool
16
Nifty Spot Weekly Outlook 30th May to 03th JuneFalcon Analytics Outlook Nifty 50 for the Expiry week ( May 30 – June 03 ) As Discussed in Last Weekly Analysis Nifty witness selling pressure @ major resistance @ 16387 on Monday, while the major support for the week @ 15560 was not breached. Technically for this week on the daily charts we see major support on the downside for Nifty50 index lies at 15907 levels, whereas major resistance on the upside is capped around 16418 levels. If Nifty50 index breaches major support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 15712/15516 and and if breaches major resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 16538/16734. Currently Nifty50 index is trading Below Red Line 200 day EMA @ 16754 suggests long term trend is Bearish. Range for the week is seen from 15907 on downside and 16734 on upside. Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead. ( All Spot Levels) RESISTANCE 4: 16929 RESISTANCE 3: 16734 RESISTANCE 2: 16538 RESISTANCE 1: 16418 WEEKLY PIVOT LEVELS: 16223 SUPPORT 1: 16027 SUPPORT 2: 15907 SUPPORT 3: 15712 SUPPORT 4: 15516 A ll above views for education purpose only. Regards, MD. [
NSE:NIFTY
by miraldesai