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COAL INDIA has formed an area gap in the trending zone and the gap has not be filled for 7 days and only sideways movement in price is seen.
TRADE PLAN
There is no trade plan until i get a confirmation candlestick.
@Eqsis Sir, Does the sideways movement after area gap has any indication? Do u think the gap might be filled or can I consider it as an inverted flag and expect the trend to be bearish?
This Gap is Inside the Area, but the Price was expected to bounce back but it failed to do so, hence the trend is week (Bearish) as long as it trades below the GAP Low
@Eqsis, Can I consider it as and inverted flag. Can i make any trade plan?
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