GAIL-BREAKOUT GAP UNFILLED – JULY9 – EQSIS PRO

Kudupudi Lakshmi, September 6, 2019, Bearish, ENERGY, GAIL

Breakout gap is formed with significant volume, expected not to be filled in near terms.

4 Comments

Suresh Surulimuthu 5 years ago

@kudupudilakshmi,
You have spotted the gap correctly. But I doubt the amount of gap differs due to price adjustment after 1:1 bonus issue, which is not reflecting in the chart.

Please refer to the attached chart from tradingview.com

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- Suresh Surulimuthu 5 years ago
  
  6th Jun 2019 – Gap is observed as shown above.
  9th Jul 2019 – Ex Bonus date – No gap observed in the chart. Refer below.
  
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  - Author
    
    Kudupudi Lakshmi 5 years ago
    
    Gail has announced results on august 9, but no such meetings or results held on July 9.so I think this could be breakout gap.You can refer following screenshot.
    
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    - Suresh Surulimuthu 5 years ago
      
      Please check the below image. Hope it clarifies.
      
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