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After a significant fall green candle opened by a gap up and sustained at the yesterdays closing price and indicators such as MA and RSI shows the possitive breakout.
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Stock Ticker – NSE: NIFTY – NIFTY 50 – INDEX
Bullish Trade plan:
Entry Level 310 Target 320 Stoploss 300
Analyst Rating – :4/5
View Posted on 2019-06-12
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| 8 | 9 | 10 | 11 | 12 | 13 | 14 |
| 15 | 16 | 17 | 18 | 19 | 20 | 21 |
| 22 | 23 | 24 | 25 | 26 | 27 | 28 |
| 29 | 30 | |||||
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Hi,
In the above chart we can see the breakout on 6th jun, a breakaway gap occurs when prices are breaking out of a range on significant volume, developing a new trend and the gap generally does not fill in near term. ( Moving average is also in negative sign please check)