NIFTY--Bullish Gap or Bearish Gap ??
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Bullish gap left @19200-19250
Bearish Gap left @19670-19700
when this gap be finished....??
if price continuously falls tomorrow it finishes the bullish gap.
If price showing us bullishness tomorrow,19500 will again acts as resistance..
so in order to go upside, price must be consolidates
and has to create a bullish view and retraces back then only, bearish gap be finished.
Note ::
If we observe a strong bullishness again price will break the bearish gap..
Bearish Gap left @19670-19700
when this gap be finished....??
if price continuously falls tomorrow it finishes the bullish gap.
If price showing us bullishness tomorrow,19500 will again acts as resistance..
so in order to go upside, price must be consolidates
and has to create a bullish view and retraces back then only, bearish gap be finished.
Note ::
If we observe a strong bullishness again price will break the bearish gap..
Not
Nifty also same....we have a bullish gap below also...take care here. it may fills the gap and then go long.Not
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