Nifty short term outlook - might face resistance around 12460-80 levels towards the upward channel. The yellow area is the point of reversal to note and for a very bearish outlook the lower channel needs to break. #Nifty#trendlines#trading#hourlycharts
Nifty hourly charts - watch out for reversal tomorrow at 12010-12030 levels which is also the gap support. If the bottom trendline doesn't hold, we will see a very strong correction in the coming days heading towards budget #Nifty#trendlines#trading#hourlycharts
Nifty Hourly charts update - we reversed from 12025 levels today and touched the lower channel. we should see some reversal tomorrow and touch 12100 levels tomorrow.. Below the channel we could see some serious bearishness. #Nifty#trendlines#trading#hourlycharts
Touched the trendline and reversed today.. Gearing up nicely before budget.. If we break the channel tomorrow, then probably a strong fall after budget and vice versa. #Nifty#trendlines#trading#hourlycharts
Nifty - Amazing fall after the budget when it broke the channel and now a retest at the confluence of trendlines. Nothing goes straight down and nothing goes straight up. Will we have a fall before we go up again? #Nifty#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)