ilmscore | Prediction Details
"the stock is comparatively recent listing listed in September 2024 you can see the first month the price was solid the volume was also good but post first month the stock started to see a good selling pressure but the point to be noted is that though the price has dropped pretty much you can see that the sale volume is not that great right after this we could see a big green candle recently that is on the 26th of November this is a 20% upper circuit kind of candle and you can see that was also backed by good volumes but what is more interesting is what happened on the immediate next day after this 20% we could see a gap up candle so I'm just going to draw a small line here so that okay okay so that I we can identify okay this was the Gap that was created right now let's also check what was the volume here you can you can see here this this Gap up candle volume was also amazing the stock went in a sideways trend for 2 three days and then what happened is we call this as a classic Gap filling Theory so as per the Gap filling Theory it is said that if a gap is created typically the sellers would put some pressure and at and the Gap would be filled if the Gap is filled at that point in time buyers again become active and they take the stock price higher if the sellers still become more and more powerful there is a chance that the Gap is not only filled but the Gap is cracked further and the stock could see further selling pressure what has happened in this case in this case the Gap theory has been honoured by few paise I think uh the cap has not been filled but that is absolutely okay after which we after which we could see that yes the buyers became active and the stock price Rose almost 3% on that day and today as I shoot the video the stock is already up oh 5 and a half% the stock is up with good volumes as well now could we see one more Gap to answer is yes in the immediate on the immediate second day you can see that yes there was a gap which was created and this has also been filled in the last 2 three days so all in all good signs of Gap uh whatever gaps were created they have been closed now volumes you can see these selling volumes versus these buying volumes again very clear signs that yes buyers the price is being taken upwards with volumes"
By CA Rachana Phadke Ranade | December 6, 2024 | Pending
From video
Reversal Stocks Part 1 | 3 Reversal Stocks | CA Rachana Ranade 00:14:07 - 00:16:22
Interpreted Prediction
Tollens Tyres, after a significant drop with low selling volume, showed a 20% upper circuit candle backed by volume. The subsequent gap-up and subsequent filling of this gap (or coming very close) with active buyers and good volume indicates a potential bullish reversal.

Prediction Details

Ticker
TOL
Initial Price
154.1 USD

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.