#bajaj finserv chart explained 1) The counter was trading in an uptrend 2)It witnessed a strong gap up opening on 4 july 2023 3) The Gap up was above the previous strong resistance zone as indicated by arrows 4)The retracement after strong move already done 5)5_ today it witnessed a strong upmove along with long build up with 3% rise in OI 6) current month...
Is Bank Nifty trying to feel previous gap? Target / Support - 37950 Stoploss - 39518
Runaway Gaps Good uptrend can have runaway gaps caused by significant news events that cause new interest in the stock. There is a significant increase in volume during and after the runaway gap. Recent Events - Tata AGM 2022 Exhaustion Gaps This Gaps formed near or the end of good uptrend. Identified by high volume with a large price difference between...
Nifty will open gap up to fill the gap created on friday and trap all the short positions created on friday closing siting RUSSIA URKRAIN news. then go down south.....
As you can see nifty coming to fill gaps there are somewhere around 6gaps which needs to be filled.
Had put an alert on this level. There was a gap of almost 3.5 per cent on 6th august after its awesome results. Today it is back on that level where it gapped. Now my thesis is that the gap will be filled and it'll bounce back, or the gap will be filled and it'll keep going down. However, I am rooting for the upside considering the news and tata's EV ecosystem...
The idea is just to see the wider picture what might come ... Happy trading :)
This is purely for educational purpose only, trading gaps are high risk high reward. It gives us a reason why a particular stock/index bounced from a particular price. If you think any gap in Day TF is imp. just mark it and see how it goes before trading them.
If you are an investor, make sure you do not get bull trapped at ridiculously high levels. There will be a correction and profit booking soon because clearly Nifty is in an overbought zone. I am starting a new telegram channel. To join my telegram channel, leave a comment with "interested." NSE:NIFTY
Nope, definitely we are not crying for those missed opportunities. This can be classic lesson for all of Us, we knew Nifty will reach 9900's zone earlier itself but what happened from Monday ? We never got valid setup for Entry though we are absolutely right on direction. Monday - Technical Glitch & 100 points Up Tuesday - Bit of range then closed near pullback...