Breakout GAP is observed with high volume. Buyers are strong handed and GAP is not supposed to get closed soon
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Stock Ticker – NSE: GRUH – Gruh Finance Ltd. – FINANCIAL SERVICES
Bullish Trade plan:
Entry Level 287 Target 299 Stoploss 275
Analyst Rating – :4/5
View Posted on 2019-10-14
Hi,
Good spot… Volume also seems good
Thanks Naresh!
@naresh: It looks like this analysis went good. Prices went up 327. What would be the ideal Target in this situation?
Hi,
Take your trade plan along with chart pattern because the gap indicates only the strength of the bulls or bears.
@naresh: In this situation of know the strength of bulls, what would be the ideal entry, target and stoploss? Can you please guide with this chart?
Hi,
You can see the price rallied initially and then moves sharply in the opposite direction (Wittnessed large upper tail) which shows the lack of buying interest. so, you may be trapped on the wrong side of the market. Don’t be in a hurry, you will have your time to enter the market.