EQSIS PRO

TATA STEEL – EXHAUSTION GAP

Exhaustion gap is witnessed in the chart of Tata Steel on 14-Nov-2018. This is qualified based on the following conditions.

1) The Gap appear after a trending zone seems to be a runaway gap , but it is getting filled on the same day. This is considered to be an exhaustion gap.

2) The close should be at its day’s low.

3) The volume should be very high on the day to terminate the existing trend.

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