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From the chart, it is seen that after a period of non-trending price movement, a bullish gap appears at the breakout with high volume. This gap is not expected to get filled in the near term and the price is expected to go further up. Therefore, it is recommended to create a Long position. It is also to be noted that although the Global and Indian market trends are almost neutral, Auto industry is exhibiting an aggressive Bullish trend.
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Bearish-GAP-SHORT-BICON-25-10-2019 October 25, 2019
FEDERAL BANK – BEARISH ENGULFING October 17, 2019
Cummins India – Bearish Engulfing – 24Sep19 September 25, 2019
Day29-Tata Motors DVR – Bearish Piercing – 12Sep19 September 12, 2019
Day27-Bearish-Engulfing pattern-Tech Mahindtra-09Sep19 September 10, 2019
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