TITAN (TITN.NS) - a Consumer Goods Company based in India Closed on 30th October 2014 at multi-year High.
Very next day, TITN.NS opened below Last Day Low (this was a Gap Down Open). And then it fell further Closing near Low of the Day.
Leaving the previous day's Candle hanging in the air above the Gap. Bulls who bought on that High day are now trapped.
Both these days experienced Extreme High Activity.
As of Friday 31st October, At A Glance is bearish.
Superior Profit India Community Traders were alerted of this set up as it was developing. And some of them might have already taken the trade.
Citizen of Main Street.