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Tagged: BANKBARODA-Breakout Gap Bearish
STOCK=BANKBARODA
TREND=Bearish
POSITION=Short
PATTERN=Breakout Gap
TRADE PLAN:
ENTRY=118
SL=120
TARGET=105(Risk=2,Reward=13)
VOLUME=High during Gap day
RATIONALE=Here the Bearish gap is spotted after the Breakout area with high volume indicates Bearish strength
This GAP not to be filled
This is also perfect one for Negative Breakout with GAP, An indication of Strong Bearish Trend
hi mam can u kindly explain me how u have set the target ??
correct me if i am wrong…..breakout gap with high volume gives only the beginning of new trend.
yes of-course its a beginning of new trend sir….Its a bearish gap with high volume, which indicates that the bears are going to be powerful…so for the upcoming few days bears are assumed to be strong…hence i fixed the target sir.. I think so…If iam wrong pls correct me…Thank u
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