Gapfill
SHOT-Trend line breakdown+good volume+gap{it will fill the gap}SHORT Canara bank for target of 320.6 in futures as we know mostly if stocks gap up open or gap down one day it will come to fill the gap in many cases its true,so most possible situation here is 1]its a gap,2]trend line broken,3]breakdown with good volume.
UNIONBANK: Harmonic Shows ReversalAll mentioned & plotted on Chart.
My personal View.
As i am not SEBI regd. analyst, take this study as educational purpose.
For taking trade decision Consult with financial Advisor.
L&TFH: Intraday, Swing Trade, Investment SetUP....... Plotted & Mentioned ........ CHART.
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
All patterns have are not fulfilled 100% criteria.
Snapshot: Taking Support at Fib 0.382 Level In WEEKLY Chart
long but ...trade on levels onlyyyyyybuy @ 505 for safe traders level of 520 crucial and important ..!!!
CIPLA 9th November, Day Trade ( GAP FILL ?)When 1st Target Achieved Book 60% Quantity.
And Trail Your SL to Entry Price.
No Technique Can make money for you, if you don't follow disciplinary principals.
Risk Management & Position sizing is must before entering any trade.
Nifty Gap Theory Study/ObservationThis whole month what I've observed is that Nifty always fills the *opening gap ups/downs* usually the same day or the next day.
Could be useful for next such move by nifty.
As they say, history tends to repeat itself.
Please do you own analysis before taking any trading decisions.
NIFTY gartley/ harmonic pattern Lets see if a reversal signal is generated.
Nifty has filled the last two recent gaps, so I am expecting it to fill this one too if the pattern becomes valid.
BB has tightened up, a breakdown could add to confirmation. (Median 20 MA acting as support for now at 9602-9604.
IOC: Looks like Sell on rise Bearish IOC
Observations from the chart
-
- Made High of 404 on 7-Feb-2017
- Took that level out with a strong gap up (from 397 to 405) on 7-April-2017)
- Trading below 405 after almost 3 1/2 months
- Also Broken trend line now
-20 day EMA & 50 day EMA crossover observed after a very long time
Any rise towards 397-405 needs careful attention. Rejection at those levels might indicate Long Positions taken in IOC in the last 3 months have been trapped & the stock may fall further towards 368-354 levels, testing their nerve...
Do read our previous post on IOC
Take care & safe trading...!!!
Nifty Correction Ahead Explained in the charts
Declaimer: its my view. strictly ,, not a recommendation
I feel -Vendanta had enough FALL - Time to RISE It will reach TG 1 & TG 2 Eventually , Rest Mentioned in the charts
Though it is strictly my view (not a recommendation)
Short NIFTY for target of 8975.There is an unfilled gap from 8970-9020. Market will try to fill it as soon as possible.
Target: 8975 (175 points)
Stoploss: 9200 (50 points)
R/R: 1:3.5
Regards
will it fill the gap?Bounced off from crucial support with good volume. Will it reach the gap in short term?
BankNifty Further Go Down before Recovering (Flat Correction)As per the price action saw on Monday, the gap down suggested a bulk selling and it shall continue the same for tomorrow until it reaches to previous support level where we could see some buying back that shall move the prices up to fill the previous gap and clear out demand and supply discrepancy.
Target:19400
Stoploss: 20300
TCS Going Forward to Fill Gap and Touch Previous Support For now, it seems like the price action shall take up prices to previous support level and will also fill up the Gap. The further price action will be decided once the gap is filled. Now it is important to note the price action whenever the prices touch previous support as high selling is expected at that levels which might take prices further down.
NIFTY GOING TO FILL UP GAP It is been observed that the index is making lower lows and highs, indicating bearishness. It is also to note that the price action is going forward downside to fill up the gap that was created on hourly chart. That shall clear discrepancy and make buyers come back in the game again.
Dr REDDY - ALL SET TO FILL GAP (Buy)There was a gap down observed on daily chart which is been not filled up for a long time. Now the price action breaks out from a rectangular consolidation and shall reach out to 3280 levels in order to fill up that GAP.
Target: 3280
Stoploss: 3070
