Selected the stock of NDTV and identified the RUN AWAY GAP in the chart the prior trend was Bearish and the Gap found on the bullish trend. so the entry stop loss and target considered as per the trending line in fig. attached
, , Runaway Gap
, , Runaway Gap
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Bullish View
Bearish View
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Hi sir,
It’s a good example for runaway gap. In this chart Doji i.e evening star with high volume is also seen which indicates the trend reversal.
Ya thanks a lot , before Doji we can also see exhaustion gap that is also a trend reversal indication.