About Scanner: Bullish Gap Up Candlestick Scanner

What is Bullish Gap Up Candlestick ?

It occurs when a stock opens higher than its previous day's close, signalling strong upward momentum.

Key Points for Bullish Gap Up

• Bullish Two Candle pattern
• stock opens higher than its previous day's close.
• Indicate strong upward momentum.

Bullish Gap Up Trading Strategies:

• Wait Buy above the high of the gap-up day.
• Confirmation looks for strong volume or additional bullish signals.
• Support prefers gaps occurring near support for added confirmation.

Warning

Avoid fake news, the stock price may be overvalued and will likely correct back to its pre-gap price.

Target

Short term - At least height of the candle
Long term - Look at other aspects like volume spurt , recent support / Resistance levels and other technicals.

Stop Loss

Stop-loss set below the gap’s low or the previous day’s close.

TSR Bullish Gap Up Scanner

• Set Alert as it happens
• Combine Bullish Gap Up pattern with other Technicals/patterns with Fine Tune Filter Option
• Filter on Stock basket or your watchlist
• Back test to gain confidence on the Pattern.
• Filter on small ticks like 5 mins to Monthly tick
• Auto refresh

Fine Tune : You can customise these screeners by clicking on 'Fine Tune Filter' Option

Caution : All these screeners are crafted based on some historical scenarios which may / may notbe applicable here. We recommend to fine tune them according to current market conditions or seek expert advise before taking any decision.

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