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Mayur Gugale wrote a new post, ULTRACEMCO – EXHAUSTION GAP 6 years, 3 months ago
This gap appears to be a runaway gap during downtrend. Price opens lower than previous day but it manages to go up owing to high volume. The downtrend gets exhausted. So it is called exhaustion gap.
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Mayur Gugale wrote a new post, HCLTECH – RUNAWAY GAP 6 years, 3 months ago
Runaway gap occurs during an existing trend. It occurs due to increased interest of traders who did not enter previously into the trade. This causes a gap which is known as runaway gap.
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Mayur Gugale wrote a new post, LT – BREAKOUT GAP 6 years, 3 months ago
Their was a volume surge during the gap. The gap is not filled in near term. So its a breakout gap.
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Aswin.R and Mayur Gugale are now friends 6 years, 3 months ago
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Mayur Gugale wrote a new post, JSWSTEEL – AREA GAP 6 years, 3 months ago
A gap is appeared during downtrend. Volume during gap day was a bit high. The gap was filled in subsequent days.
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Mayur Gugale wrote a new post, KOTAKBANK – BEARISH HANGING MAN CANDLESTICK PATTERN 6 years, 3 months ago
A bearish hanging man appeared on daily chart of Kotakbank. The hanging man appeared at the top of the uptrend. Also the volume during formation of hanging man was high. So we take short position on the stock.
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Mayur Gugale wrote a new post, PEL – BULLISH HAMMER PATTERN 6 years, 3 months ago
A bullish hammer appeared on daily chart of Piramal Ent Ltd. The hammer appeared at the bottom of the downtrend. Also the volume during formation of hammer was high. So we take long position on the stock. Stoploss
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Mayur Gugale wrote a new post, BAJAJ-AUTO – BEARISH DOJI 6 years, 3 months ago
During the bullish trend in Bajaj-Auto chart a Doji was formed. Corresponding volume was also high during formation. This is a sign of trend reversal. So we take short position on the day after doji is formed.
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Mayur Gugale wrote a new post, AXISBANK – BULLISH DOJI 6 years, 3 months ago
During the bearish trend in Axisbank chart a Doji was formed. Corresponding volume was also high during formation. This is a sign of trend reversal. So we take long position on the day after doji is formed.
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Mayur Gugale wrote a new post, COALINDIA – BEARISH PIERCING CANDLE 6 years, 4 months ago
A piercing candle was observed on CoalIndia chart during uptrend. The market opened higher during the 2nd day. But the price went down to more than 50% of previous candle and closed at a low. The entry level is
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Mayur Gugale wrote a new post, COALINDIA – BULLISH PIERCING CANDLE 6 years, 4 months ago
A piercing candle was observed on CoalIndia chart during downtrend. The market opened lower during the 2nd day. But the price went up to more than 50% of previous candle and closed at a high. The entry level is
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Mayur Gugale wrote a new post, AMBUJACEM – BULLISH ENGULFING CANDLESTICK 6 years, 4 months ago
A bullish engulfing candlestick observed on daily chart of Ambujacem. The previous trend was downwards after which a bullish candle was observed which engulfed the previous candle completely. Long position taken
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Mayur Gugale wrote a new post, ABB – BEARISH ENGULFING CANDLESTICK 6 years, 4 months ago
A bearish engulfing candlestick observed on daily chart of ABB. The previous trend was upwards after which a bearish candle was observed which engulfed the previous candle completely. Short position taken after
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Mayur Gugale wrote a new post, ACC – TRIANGLE PATTERN 6 years, 4 months ago
Triangular pattern is observed in ACC chart. Identified 5 wave corrective pattern triangle shape formation. Volume breakout was observed at the tip of triangle. Long position taken after volume breakout.
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Mayur Gugale wrote a new post, ACC – FLAG PATTERN 6 years, 4 months ago
A flag with a long pole was observed on ACC chart. It took 7 days to form the flag. Following which we saw high volume leading to bullish breakout. We go long after looking for positive volume.
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Mayur Gugale wrote a new post, BHARTIAIRTEL – CUP PATTERN 6 years, 4 months ago
Cup & Handle pattern was observed in BHARTIAIRTEL chart. Their was gradual formation of cup for 1 year. After that trend reversed & handle was observed. Following which a volume breakout was seen and the stock shot up.
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Mayur Gugale wrote a new post, ACC – HEAD & SHOULDER PATTERN 6 years, 4 months ago
Head & shoulder pattern observed in ACC chart. The volume during the left shoulder was high while the volume during right shoulder was considerably low. The head formed was high as compared to shoulders. Duration
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Mayur Gugale wrote a new post, GAIL – DOUBLE BOTTOM PATTERN 6 years, 4 months ago
A double bottom pattern was observed in the chart of GAIL. Two equivalent bottoms were observed within a duration of 40 days. A good volume also supported the bearish breakout after the 2nd bottom. Considering
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Mayur Gugale wrote a new post, ACC – DOUB;E TOP PATTERN 6 years, 4 months ago
A double top pattern was observed in the chart of ACC. 2 equivalent tops were observed within a duration of 20 days. A good volume also supported the bearish breakout after the 2nd top. Considering risk reward
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Mayur Gugale wrote a new post, DOW THEORY -AUROPHARMA BEARISH VIEW 6 years, 4 months ago
As per Dow Theory, we can observe bearish behaviour of Auropharma on the chart. It was observed that price were making sequence of low tops & low bottoms which is a signal of bearish behaviour. We found multiple
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