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COALINDIA BREAKOUT GAP IS SEEN. IT HAS APPEARED IN THE NON TRENDING ZONE AND ALSO THERE IS GOOD VOLUME TRADE. THIS GAP IS NOT EXPECTED TO BE FILLED. IF THE PRICE CROSSES HIGH OF TODAY LONG POSITION CAN BE CREATED. THE STOP LOSS IS AT THE LOW OF TODAY’S CANDLE. THE TARGET IS EQUAL TO THE RISK TAKEN.
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Hi sir,
This is Runaway gap as this gap appears after breakout.
I FEEL TILL THIS DATE IT WAS NON- TRENDING. TODAY ONLY IT HAS OPENED WITH A GAP. IF PREVIOUS DAY IT HAD OPENED WITH A GAP THEN IT CAN BE TAKEN AS RUNAWAY GAP.