The breakout is not confirmed. It can shoot up as well as shoot down. Price action will tell.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
One can also initiate long straddle but given at the starting of the month with a range bound stock. It is gambling.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
One can also initiate long straddle but given at the starting of the month with a range bound stock. It is gambling.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
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Yesterday made a loss due to long trigger on false fake out. Today it gained to green.
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