Bata was on my watch list from last 2 months, it is in long term uptrend and I am holding it in my delivery folio too. Today after 2-3 days in corrective sideways consolidation move it broke out...and it would give a buy on any good system.IDF or any other system would catch it....
I dont have Natco pharma chart...but if the gap is a break away gap after sideways consolidation, such gaps do not fill so quickly. So every gap needs to be filled immediately is a wrong assumption.