COULD THE ‘RIFT’ IN NIFTY BE FILLED?

A  breakaway  gap shows decisive movement out of a range. Breakout gaps occur in the opponent’s zone and it is significant for trend reversal. It occurs with a heavy volume. An important character of this gap is that it won’t be filled for a long time.  Breakaway gaps are most commonly associated with major news events or earnings announcements in individual stocks, which rapidly change investor sentiment.