Price gaps fill every time is a BIG myth we have been made to believe. Some gaps don't fill & such cases have turned out to be a massive gainers.
If the gap is created on weekly at the 'beginning' of a new trend, & if not filled for 3-4 weeks, do not let it go.
#BroTip
Gap created in 2016 on weekly frame marked a price reversal. It went up 350% up in 2 years.
#HINDALCO
Gaps have contributed immensely to my portfolio. They are very rare & highly reliable.
Fresh gap in price in ITC weekly. Older than 4 weeks now. I will pass it off as I do not trade high float stocks. Could be a good case study.
#ITC
Gaps always fill is a myth - Another example (Thread)
#ITI
A huge gap on weekly which did not fill for 8+ weeks. The stock is 70% up already.
Adding another example to this thread:
#PTC
Another new fresh case
#QUICKHEAL
#INDRAMEDCO
400% up
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