We have plotted Jubilant Foods in hourly time frame. On 12-04-23, Stock is opened gap up with tremendous volume. If we combine both gap trading and price volume theory, there is a good possibility that stock moves up in next few days. One can make long position depending upon own risk tolerance level.
Note : I am not SEBI Registered Analyst/Advisor. This article...
Biocon at suppply demand conversion zone (215-225)
On 4 dec 2017 , there is huge gap up, sustain and moved up. After a period of 19 months price again came near gap up spot and acted as demand zone.
Again Feb 2023, price came back at spot {gap up} , again acted as demand zone.
So, the question is , should go long or not ? decide it on own
Dont...
