BNF | Area of Confluence | Gap fill trading |

In weekly chart (note: two crucial sessions are remaining in a week), BNF taken a support from Area of Confluence and if current week candle closes above Rs 33305 i.e. 1st Feb-21 budget candle high (refer below chart), we can consider trend reversal.

In total in three gap created by BNF past 20 sessions, every gap will act as support & resistance for price movement. Suppose Gap I filled, Resistance & Support will be Rs 34340 – Rs 33540, respectively (refer below chart).

Thanks

הערה:

GAP IV

הערה:

GAP I and GAP IV filled !!

Next Target GAP II