will it fill the gap?Bounced off from crucial support with good volume. Will it reach the gap in short term?
LongGapfill
Long
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
Short
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.
Long
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.
Short
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
Long