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.

Trade: Sell on Rise
Duration: 3 Months

4 Comments

Suresh Surulimuthu 3 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

Log in to reply.
- Suresh Surulimuthu 3 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.
  
  Log in to reply.
  - Author
    
    Kudupudi Lakshmi 3 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.
    
    Log in to reply.
    - Suresh Surulimuthu 3 years ago
      
      Please check the below image. Hope it clarifies.
      
      Log in to reply.

Leave a reply Click here to cancel the reply

You must be logged in to post a comment.

CONTACT US

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

©2022 | Rights Reserved | EQSIS | Terms and Conditions | Privacy Policy