Gapfill
Infosys Short Trade Nifty IT has seen a major bull run since past week & now rally is expected to halt on the backdrop of profit bookings.
1. Infy Gapup opening today on positive results.
2. Created a new resistance level near 933-934.
3. Fall to 78.6% Fibonacci retracement levels observed today.
4. Further correction to 50% level is possible since large gap supposed to be filled out.
Sell on CMP.
Target 1: 891
Target 2: 874 on further correction.
SL: 935
ITC : Gap Fill BetMaking Doji's on VWAP after move up often gives upward movements
There is a gap to fill and earnings expected soon
Betting on it for target 205 with a tight SL at 198
Tata Steel LongTata Steel cup n handle formation above 350 sustaining can show 358/370/387 with support of today's low 331...also above 358 to 375 is gap so careful on this zone....
DMART - Gap fill
Strategy 1: Short below 1980 (sustained below on the 15 min chart) for T1: 1955, T2: 1900 with SL at 2020
Strategy 2: Short below 1955 (sustained on the 5min chart) for 1900 with SL at 1980
(For choice of trade entry levels - check the hourly chart)
Long term Investing Idea - The stock is at a attractive price point around the 1900s. Expected to rebound up pretty quick after the gap fills. I would go long on August 2000CE, in the 1800-1900 zone on signs of reversal
Raymonds: Gap Fill before ReboundPositional Trades:
Short below 245 for 240, 238.5, 235 with SL at 250
Aggressive traders may want to initiate short at 248.5 !
Below 238 would be an ideal point for buying OTM August expiry call option.
Suryaroshni - Morning Star vs Gap Fill All levels drawn on chart.
111 is the major support and 122.5 is the resistance - can zoom out and see the Fib retracement levels.
Positional Trades:
Go Long at 117 for 118.5, 120.5, 122.5 with SL at 114.5
(For the Morning Star hypothesis to be true, it should gap up and open in 116-117 if not higher)
Or
Short below 114.5 for 113, 111 with SL at 115.5 for the Gap to get filled.
GO For long Above the gapFormed 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
GAP TRADE "GAPS ALWAYS GET FILLED" - If not tomorrow, may be sooner or later - WAIT FOR THE PRICE ACTION!
Hope all you witnessed the glenmark story.
If for any reason (profit booking or short retracement) stock breaks 900 level again, it can see a sharp fall towards downside to fill the gap.
RSI confirms the overbought zone. Do not be in hurry! wait for some good price action as it can spend some more time and then break.
NOTE: Trade with caution. It may be result into a runaway gap!
Disclaimer: Take this view only for educational purpose. Trade on your own risk.
Happy trading!
Long - Gap FillingSeems to be a good breakout! Can run for gap filling.
Might be a good long opportunity + Good R:R!
ITC - Long opportunity (Gap Filling) 1:2 risk rewardIt is quiet common, during Ex-Dividend and Record dates the stock price may fall.
ITC is corrected and taken good support at Trendline support with convincing RSI divergence on the field
CMP : 199
SL : 198
Target : 205
Risk reward 1:2
HDFC ShortHdfc short below 1750 sustaining for 1700/1660 SL 1812....risky its paper trade becoz this candle formation found at bottom n gives good momentum also at 1660 levels gap filling is there.....below 1750 can give good momentum i think.....no trades only paper trade
Expecting 8% correction in voltas Gap is still unfilled, expecting a correction of 8 to 10%
CMP 539
SL 550
Target 490
Expecting Voltas to correct to 490 levelThere is potential gap expected to get filled which is at least 8 to 10% correction
CMP : 543
Sl : 550
Target : 490
DLF, buy for 176 TargetBuy DLF For Target of 176 when break today high of 162 rs and make stoploss of nears 5 min candle swing low...
