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An area gap preceded by a continuous non-trending movement has been witnessed above. The gap falls within the non-trending zone as expected.
The area gap appeared at the bullish lane of the sideways with high volume.
Long position can be placed at the price above 22277.7.
The risk taken is 1458.5 and whose target is calculated to be 23736.2 which is attained in 11 days.
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Although it looks like a area gap, it have the character of breakout gap