NIFTY: Bullish Bearish GAP Combination...... All plotted & mentioned on chart.
My Personal View, May Differ from others.
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DOW View as of 11.43 PM 14/02/2018
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.
L&TFH: Intraday, Swing Trade, Investment SetUP....... Plotted & Mentioned ........ CHART.
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All patterns have are not fulfilled 100% criteria.
Snapshot: Taking Support at Fib 0.382 Level In WEEKLY Chart
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
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- 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...!!!
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.