Gaps
Weekly gaps near life time high
Weekly gaps are extremely imp gaps – If forms near life time high – You can see stocks moving in linear line. Some examples to see.
Key thing to watch is gap has to break out resistance
if resistance is a long term tested zone - result is going to be extraordinary.
there are times when gap will fail, in those cases u have to whats major trend?
if trend is down - gap will be likely to be used as sell on rise.
Weekly gaps near life time high
Weekly gaps are extremely imp gaps – If forms near life time high – You can see stocks moving in linear line. Some examples to see.
Key thing to watch is gap has to break out resistance
if resistance is a long term tested zone - result is going to be extraordinary.
there are times when gap will fail, in those cases u have to whats major trend?
if trend is down - gap will be likely to be used as sell on rise.
Note
sometimes gap will mark the beginning of trend
when it breaks a strong congestion zone big rally is on the way.
Note
what's gap?
its a rush or extraordinary demand
when demand is extraordinary - seller will increase price overnight
so u see a gap
but cant it happen without gap?
yes it can with a #mariboju candle
Price action near life time high just like above #gnfc case and see the move
Note
a weekly gap in favor of trend with a triangle continuation pattern - gives you explosive move
Note
gaps means madness to buy
sometimes in daily candle massive volume gap tells u --- some mega rally is ahead as someone big wanted to buy everything in this stock or big hands changed.
check the rally.
Note
stock market is easiest way to make great money
u have to Understand basic concept and what candle or pattern tells u
checkout volume while giving breakout with weekly gap
Note
#cdsl
hidden gap near resistance
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a hidden gap
#ioc
Note
There are times when stock opens gap down and recovers
it happens when trend is strong
those gaps are signals - weak hands are removed in knee jerk
we will see how Price action works in #icicipru from here.
Note
this gap broke 200dma which was acting as a moving trendline.
Today it tested 200dma
#Aartindustries
lets see how this works
one thing is clear - SL is now very small for buyers.
Note
if there is a weekly gap and its holding for a very long time -- you should keep such stock in your watch list.
#marico
KA
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
KA
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.