Indiamart about to start the next move up - but, will it touch the dashed trendline again or not is the question. Probably, no! #IndiaMart#trendlines#trading#hourlycharts
Indiamart contracting - we might have one more down move before breaking the contraction pattern.
- If everyone is talking about it on social media and it has already broken out
- If a stock has moved up already for the last few days
- If a stock is up more than 10% already from breakout zone
- If your SL is deep
2⃣ Enter only on breakout & nowhere else if you're trading breakouts...
Buy only…
- above breakout zones (no entry in no-man land)
- above a key resistance zone after a stock consolidates
- 1-2% above resistance zone
- Identify entry points(set alerts on TV/set GTT in zerodha)