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.
NHPC – Exhaustion gap – Trend came to end
