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Gail has formed a breakout and runaway gap down on April 2020. Runway gap with high volume indicated strong momentum. Entry price at 78 when price starts moving below the runaway gap candle. Stoploss at when gap starts filling at 88. Considering risk to reward as 1. Target 68 was achieved in 2 days.
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This exhaustion gap is showing the temporary pause of the prior trend. so, trading against the direction is not a good deal.
Hi Naresh, Thanks for the correction. Noted down