Tata Motor - Runaway gaps or Exhaustion Gap (Learning)
Runaway Gaps
Good uptrend can have runaway gaps caused by significant news events that cause new interest in the stock. There is a significant increase in volume during and after the runaway gap.
Recent Events - Tata AGM 2022
Exhaustion Gaps
This Gaps formed near or the end of good uptrend. Identified by high volume with a large price difference between previous days close and opening price. This are quickly filled as prices reverse their trends.
Please let me know if I am wrong or rights.
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