GLENMARK on Breakout; above 445 for Intraday on Thursday
تم تحديثه
GLENMARK on Breakout and with good volume; above 445 on Thursday 23 Feb for Intraday gains
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INTRADAY Trading Strategy based on 3 stages of a breakout:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders may book profits at this stage
Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"
The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
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INTRADAY Trading Strategy based on 3 stages of a breakout:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders may book profits at this stage
Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"
The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
ملاحظة
Facing rejection at trigger priceملاحظة
Some consolidation above 443 is required, if it has to move up. Looks like it is onتم فتح الصفقة
Risky entry @ 444 with SL 441ملاحظة
445.5 nowملاحظة
446.5 nowملاحظة
447.5 nowملاحظة
448.5 nowملاحظة
Since market is not very supportive, will book out @ 1% from entryأغلقت الصفقة: تم الوصول للهدف
ملاحظة
If to ride the uptrend, keep trailing SL @ 445ملاحظة
Resuming uptrend,449ملاحظة
Crossed 450 nowملاحظة
Strength to uptrend above 451ملاحظة
451.5 nowملاحظة
Crossed 452.5ملاحظة
453.5 nowملاحظة
2nd target reached @ 453.5تم إغلاق الصفقة يدويًا
Uptrend overملاحظة
Decent return of 10 Rs ( nearly 2%)From 444 to 448.5
From 449 to 453.5
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