Shipping corporation forming a nice ascending triangle with all the gap ups and downs. Will it breakout by friday? Let's wait and watch. #SCI#trendlines#trading#hourlycharts
What a breakout today morning, perfect retest and a 10% move. Simple trendlines work, but one needs conviction to take the trades with a plan #SCI#trendlines#trading#hourlycharts
- 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)