Bajaj Finance ha d formed a break out gap on 27/03/2018, with higher volume.
Bajaj finance formed the runaway gap on 04/05/2018, with more than average volume.
It again formed another Runaway gap on 05/04/2018, with more than average volume.
Such Run away gap are caused because of the trapped short sellers prior to the break out gap as they are force to square off their short positions to in view of increasing losses cause by the bull run. Such gaps are not filled easily.
The bears did mange to fill the gap on intra day basis on 20/4/2018, but failed to do so on closing basis.
The runaway gap of 05/04/2018, is still not closed on closing basis even after one month after formation.
Dr Bushan,
Presentation & explanation was good.
Valerian D