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Bullish Breakout is seen with high Volume. It appears to be a breakout GAP. Long position can be created cautiously.
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Stock Ticker – NSE: IDEA – Vodafone Idea Ltd. – TELECOM
Bullish Trade plan:
Entry Level 5.8 Target 6.1 Stoploss 4.3
Analyst Rating – :4/5
View Posted on 2019-11-06
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Hi,
Breakout gap is usually observed when price moves above the resistance zone or below the support zone with a good amount of volumes. In this case, it appeared in between the support and resistance zone so, probably it’s a high volume area gap.