Nifty - first a divergence signalled possible short term bottom and now breaking out of the pattern. Headed to 8700-900 levels once we move above 8260-90 levels. #Nifty#trendlines#ROC#trading#coronamarketcrash
Nifty right at some strong resistance. It seems like FM's speech can trigger downside again! #Nifty#trendlines#trading
Nifty trying to test the upper range again and again! If we break out we are in for another rally, else back to square one! #Nifty#trendlines#trading
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- 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)