TECHM-BREAKOUT GAP-Bullish

[usha muthukumar]

STOCK=TECHM

TREND=Bullish

POSITION=Long

PATTERN=Breakout Gap

TRADE PLAN:

ENTRY=612

SL=587

TARGET=665(Risk=25,Reward=53)

VOLUME=High during the Gap day

RATIONALE=This Gap is spotted after the breakout area with huge volume indicates BULLS are powerful

This Gap is not to be filled

 

[EQSIS]

The GAP is Perfect, but the trade plan are not generally derived using GAP Analysis, instead we should consider using Price patterns or candlestick analysis or even DOW theory.

The Usage of GAP analysis is to understand the strength of the current trend.

Your Rationale is Perfect Again.

[Author]

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