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Tagged: Exhaustion Gap- Coal India
The day opened with a gap and instead of continuing in the same direction, the gap has been completely filled. The volume is also high. This indicates the end of bullish trend.
Can anyone confirm that this is exhaustion gap because it did not quite result in a trend reversal.
S you are correct.This is not a Exhaustion Gap…Becoz the next day closes at high price value…Its not a trend reversal
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