Breakout GAP-UnFilled : BANKBARODA

Here in this example the security BANKBARODA was trading in a range for a couple of months Aug to Oct.The resistance zone is tested multiple times during the consolidation period.In October26th the strength of Bulls increased considerably, by looking at the volume during the Gap formation.The greater volume and former multiple testing of Resistance zone gives indication that the security will continue to move in the direction of gap-gap up.The gap was so huge in this case .Bulls were so aggressive that the security broke to a new height and it remained unfilled in the near term.