Possible Momentum Shift in Lokesh Machines
Cập nhật
On Friday, Lokesh Machines experienced a notable gap-up opening, indicating a significant increase in demand at the start of the trading session. Currently, the stock appears to be on the verge of filling this gap, a common trading strategy employed by many market participants.
Gap filling occurs in the context of imbalances between supply and demand. When a stock presents a gap in its price movement, it often highlights a disconnect where buyers and sellers may have differing views on the fair value of the stock. As the price approaches the gap area, it is likely to encounter a zone of interest where buyers and sellers converge on what they perceive as a 'fair' price. This activity can result in increased trading volume as market participants execute transactions that effectively fill the gap.
In this specific instance, the trading volumes observed may suggest a positive momentum shift. Once the stock reaches the identified demand zone between 387 and 395, I anticipate that it has the potential to advance toward the next resistance level at 465. This movement could represent a potential short-term return of approximately 17%, contingent upon favourable market conditions.
Gap filling occurs in the context of imbalances between supply and demand. When a stock presents a gap in its price movement, it often highlights a disconnect where buyers and sellers may have differing views on the fair value of the stock. As the price approaches the gap area, it is likely to encounter a zone of interest where buyers and sellers converge on what they perceive as a 'fair' price. This activity can result in increased trading volume as market participants execute transactions that effectively fill the gap.
In this specific instance, the trading volumes observed may suggest a positive momentum shift. Once the stock reaches the identified demand zone between 387 and 395, I anticipate that it has the potential to advance toward the next resistance level at 465. This movement could represent a potential short-term return of approximately 17%, contingent upon favourable market conditions.
Giao dịch đang hoạt động
The stock has taken a support near 100-Day EMA level that suggests, buyers are stepping in to absorb any selling pressure, and it may indicate renewed confidence among investors.Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.