If a scrip opens with a gap up, but closes at/near day low, what is the indication? Bullish/bearish?

Not necessarily.  

On daily charts such a move would form a candle pattern known as doji (or even gravestone doji).

Ideally, it does indicate bearishness, but we need to wait for further confirmation before a trade is taken.

all the best.


adding screenshot to make my point clear.


Most of the time Bearish, but it depends. For NIFTY FUTURE it has to break by at least 20 points from the previous low, then for sure it is BEARISH.

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Hi, Most of the time I use the following features to get the bullish and bearish direction for Gap Up, alert happens once in few days, but have never gone wrong direction wise.

It comes up in 10 min as market opens, and usually gives me 5% trade on both side.

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Bearish for the day!

Thank you for giving a practical example

Good one loke4300.

Is this some thumbrule?