3 Comments

  1. Su Saravana Perumaal said:

    Thank you Sir for Ur clarification

    April 5, 2013
    Reply
  2. Su Saravana Perumaal said:

    I am a regular reader of your analysis. Good analysis and very informative. I have a doubt: Gaps provide Support and Resistance. Can we expect support from the earlier “Bullish Breakaway Gap” or the Prevailing down trend from 6112 should be considered? Technical Analysis, is Reality (Dr Alexander Elder). Does it mean, the Prevailing Trend takes priority?

    Kindly clarify

    Su Saravana Perumaal

    April 4, 2013
    Reply
    • Bramesh said:

      Thanks a Lot !!

      Gaps do provide S&R but that happens with common gaps which gets filled.

      I have mentioned if the gap does not get filled in next 1-2 days it increases the probability of being a breakaway gap.Now the Bullish Breakaway gap has done its job, trend is down now and fall can take support at 5525,and can see a minor pullback. Next week trading will give the final answer to this mystery.

      Rgds,
      Bramesh

      April 4, 2013
      Reply

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