BANKBARODA-Breakout gap-Bearish

[usha muthukumar]

STOCK=BANKBARODA

TREND=Bearish

POSITION=Short

PATTERN=Breakout Gap

TRADE PLAN:

ENTRY=118

SL=120

TARGET=105(Risk=2,Reward=13)

VOLUME=High during Gap day

RATIONALE=Here the Bearish gap is spotted after the Breakout area with high volume indicates Bearish strength

This GAP not to be filled

[EQSIS]

This is also perfect one for Negative Breakout with GAP, An indication of Strong Bearish Trend

[Balaji]

hi mam can u kindly explain me how u have set the target ??

correct me if i am wrong…..breakout gap with high volume gives only the beginning of new trend.

[usha muthukumar]

yes of-course its a beginning of new trend sir….Its a bearish gap with high volume, which indicates that the bears are going to be powerful…so for the upcoming few days bears are assumed to be strong…hence i fixed the target sir.. I think so…If iam wrong pls correct me…Thank u

[Author]

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