TATA MOTORS- RUNAWAY GAP
THE CHARACTERISTICS ARE
IT APPEARS AFTER BREAKOUT HAPPENS.
IT HAPPENS IN TRENDING AREA.
GAP MAY NOT BE FILLED IN IN NEAR TERM. CLOSE SHOULD BE AT DAY’S HIGH
VOLUME SHOULD BE DISTRIBUTED EVENLY DURING THE DAY.
PLEASE REFER THE CHART – ALL THE CONDITIONS ARE FULFILLED EXCEPT THAT THE GAP GOT FILLED IN THE NEAR TERM. HENCE LONG POSITION CREATED AT THIS POINT RESULTED IN LOSS.