ITC BREAKOUT GAP – BEARISH

[Sivasubramaniyan B]

HIGH VOLUME AT BREAKOUT(BIG GAP) – BEARISH TREND

DOESN’T GET FILLED IN THE NEAR FUTURE(AT LEAST ONE MONTH?)

TARGET – 217

STOP LOSS – 239

ENTRY LEVEL – 228

REGARDING TRADING PLAN, PLEASE COMMENT IF ITS OK

[sangeetha.a]

hi, this is a good one, not sure about the stoploss

[Udayarka Pakala]

i think am not sure about the trade plan with this pattern like entry, exit and stoploss, could you help me how to fix it.

[Sivasubramaniyan B]

Hello

The trade plan is risk = target. Its similar to all other patterns though was not discussed in detail during the class. We have to figure out a way to trade in break out and runaway gaps unlike area gap where we cant trade. Hope you get it.

Thanks

[Author]

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