SAIL has formed a breakout GAP with a high volume indicating a bullish trend. Long positions can be created.
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Stock Ticker – NSE: SAIL – Steel Authority of India Ltd. – METALS
Bullish Trade plan:
Entry Level 39.5 Target 42.5 Stoploss 36.5
Analyst Rating – :4/5
View Posted on 2019-11-05
Nice Spot!
Thanks. However, it got filled in yesterday’s session.
@naresh:- Any idea why is got filled? Is it an Area GAP? Please help to understand.
Hi sir,
It’s an area gap
We conclude its an area gap since it got closed or before a gap closes, how to we identify if its an area or breakout. In this case the gap appeared in the trending zone and finally it got closed in couple of days. Can you please share your experience to identify more appropriately.
This plan triggered stop loss.