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Breakaway-gap

DCM Limited Exhibiting good Price Action. Risky proposition. Microcap company. Exhibiting good Pricie Action. -Rounding Bottom. -Darvas Box Breakout -Breakout with Huge Volume. -Wide Range Clean candle without any wick -Dry volume when pulling back. -Break Away Gap. We talked about the positives now let's dwell on the negatives. -Ideal entry missed. -micro-cap company which increases the risk One can trade it in 2 ways. 1. Wait for a retest of 113 levels. Add 30%-50% now and add the rest after retesting. 2. Wait for a breakout of 146, which is the ATH. Keep SL low of the break-out candle. Selecting this stock mainly for -The volume -Good clean candles. -Break away Gap I have laid out the possibility. Now it is time for you to do your due diligence. Remember this is a risky trade. Do not trade solely on tips. Enter only if you understand the Risk, the price action and the company. Peace...
NSE:DCMLong
by sagartharayil
BEL Trying for a Reversal NSE:BEL is Trying to make a Reversal on the Daily Chart with today's heavy inflow as it's now gonna be part of the Nifty 50 which will attract more passive funds chasing it, although a breakaway gap is yet to be filled below the accumulation zone let's see if bulls can defend it a close above 315-317 Levels will confirm that they defended it and further upside can be seen. Check out my other stock ideas below until this trade gets activated, I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:BELLong
by Karanshah137
ZeelNSE:ZEEL1! Running news of merger with sony .chart have breakaway gaps with highest volume with previous weekly trendline and triangle breakout. now again forming triangle on weekly trendline support area ,breakaway gap area with bullish butterfly, also having support of monthly inside candlestick low, and divergence on daily chart Buy Zeel above 226.4 add more 218.80 with two days candle closing stop loss of below 200 target will 236.9-247-274-287++(short term ) mid term buy Zeel @ 226-216 two days closing stop loss below 200 target 287- 364-412 long term buy Zeel @ 226-216 weekly closing sl below 199 target 364-562 BOLO JAI GAJANAND
ZLong
by slkingyogesh
4
Breakaway GapWhat is the Breakaway gap? It occurs when the price goes above the resistance or below the support. It changes price direction from the existing chart pattern. Here, there was a price trend for 1 month where prices were trading in the ascending parallel channel. But on the 13th of June, it changed its direction. Impact of Breakaway gap? It creates a strong resistance. When it occurs on the downside, the probability of the gap getting filled is very low because market participants become fearful and a chain reaction kicks in. Whereas in an upside breakaway gap, it acts as support and there is a higher possibility of slight retracement because here participants become greedy and close their position. How to trade it? In the downside breakaway gap, consider the low of the previous candle as a point of exit and short the calls In the Upside breakaway gap, consider the high of the previous candle as a point of exit and short the puts
NSE:NIFTY1!Education
by OK_Rane
1
TCS - Breakout Possible1. After a Breakaway gap with huge volumes last year, the stock made a good upside move. 2. For the past few months, the stock is forming an ASCENDING TRIANGLE PATTERN. 3. There is resistance at 3350, which it is trying to break. 4. There is a breakout on Daily chart with good volume. 5. However, let it sustain the breakout on the weekly chart as well and wait for the weekly close above 3350. Otherwise, you may be trapped in a breakout failure. 6. The stop loss can be at the break of ascending trendline (Purple in colour). 7. The target can be equal to the height of the triangle which is 460 points. This is to be calculated from the resistance level which is 3350. Also, note that the NIFTY IT is also making an upside move which should strengthen the move of individual IT stocks. Target : 3350 + 460 = 3810 (3800 round level) SL : At the break of Trendline Buy: 3350-3400 Time period: This can be a medium term target as the stock moves steadily. Disclaimer: This is purely an analysis for learning and sharing knowledge. This is NOT a buy/sell recommendation. Please do your own research and add value to it. Thank You.
NSE:TCSLong
by sacban89
BNF - GAP up on Monday ? Banknifty got stuck in a consolidation zone . the way it kept recovering from days low and getting stuck in upper resistance makes a break away GAP high probability on Monday A breakaway gap occurs when the price gaps above a support or resistance area, like those established during a trading range. When the price breaks out of a well-established trading range via a gap, that is a breakaway gap. I hope this timely identification helps someone Happy Trading MSK
NSE:BANKNIFTYLong
by msk_analysis
Basic of Gap theory(Common gap, Breakaway gap, Runaway, Exhaus )Gaps can offer evidence that something important has happened to the fundamentals or the psychology of the crowd that accompanies this market movement. Gaps can be subdivided into four basic categories: • Common gap • Breakaway gap • Runaway/ Continuation gap • Exhaustion gap -------------------------------------------------------------------------------------------------------------------------------- --> Common gap-: Common gaps generally occur uneventfully or when there is nervousness among the investor and has low volume , generally gap is filled in the future . --> Breakaway gap( Measuring gaps )-: A breakaway gap is those which have high Volume and the chances are more to cover the gap . The traders who have invested in the wrong side need to cover them. A new change in the market has taken place. The point of news breakout becomes support or resistance. --> Runaway gap-: runaway gap has increased in liquidation and those who are holding the position will get panic and sell/buy. the runaway gap is caused by the trading limit imposed by the exchanges. --> The exhaustion gap ( Island-cluster )-: exhaustion gap happens near the end of the movie. Mainly have a high volume and have a large difference from the previous price, in this state of panic long down move is transpire due to a feeling or belief that bad things will happen. exhaustion gap quickly fills a gap when price reverse. I will update shortly Real-Time use of Gap Trading Strategy shortly. Kindly comment, if you have any questions/suggestions for me. You can share your LOVE by giving LIKES .
NSE:BANKNIFTYEducation
by Trade-Technique
72