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Gapfilling

TCS - Price Action Analysis NSE:TCS is soon to Fill-up their gap but there is a plot. As you can see the previous day was created as shooting star candle which indicate sellers would not allow to go price further and also you can see it has touched 61.8% of Fibonacci level at 3757. So both scenario strongly says that price could take reversal. But any Gap up above 3557 leads price up to 3800 and any gap down below previous day candle leads price to 3615. BUY : Buy above 3557 or wait till if price corrects up to S1 (3614-3641) SELL : short trade might not recommended but if any support breaks you can take it or you can play reversal at resistance after confirmation candle occurs.
NSE:TCSLong
by vraj8597
2
Venkeys Daily Chart ResistanceThis is a pretty important resistance for Venkeys. The stock has a tendency to retest 1000 levels. The last time such a retest happened, it broke out of an upper circuit spree. This time around, the candles do not inspire confidence as the most recent three indicate a fair bit of choppiness. Volumes appear to be fairly good and momentum seems sufficient to breach resistance, too. However, it remains to be seen how the stock will react given broad-market cues. As a frozen foods stock, demand should hopefully remain evergreen, with production ramping up due to Unlock 1.0. Once this resistance is breached, we might see a slowdown at 1330 or so.
NSE:VENKEYS
by MarketsWithKR
PCG LONG -- InvH&S and Upward GapFillingPCG is an overlooked stock which suffered serious reputational damage during the Northern California Fires, (for which they were blamed). However the stock seems to have recovered and has quietly filled the gaping wounds from 6.15 to about 17.35; which is where it is at now. (I have marked the two major gaps with Blue Arrows). It is also demonstrating a Classic Inverted Head and Shoulder Pattern and I would not be surprised if PCG were to close the gap between 20.20 and approximately 24, (which I have marked with an UpArrow). It is currently facing Severe Resistance as it tries to move up. The Stock is also relatively cheap. There is a matter to keep in consideration in that the State of California is looking to nationalise this company, whereupon the stock would probably become worthless. My people from South London, metaphorically speaking; all of whom I miss terribly. London Rules. www.youtube.com
NYSE:PCGLong
by supratimbarman