We can witness exhaustion gap in NHPC on 5 January 2021. Previous day (4 January 2021) closing price Rs.24.1.  5 January opening price is Rs. 25. and closing price is Rs. 24.  Therefore there is clearly gap in opening price which got exhausted before end of the day.   This pattern is exhaustion gap which signifies that the upward trend of NHPC has come to end on 5 January 2021.  Therefore,  NHPC can be shorted based on other signals. 

1 Comment
  1. Naresh 3 years ago

    Hi,
    Your point of view is really good

Leave a reply

©2024 | Rights Reserved | EQSIS | Terms and ConditionsPrivacy Policy

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

Log in with your credentials

Forgot your details?