Sugar has been in a strong downtrend & the volatility is contracting in the last few years and has reversed twice already from multiyear demand zone. We witnessed a short rally from Aug'18 to Mar'20. Can we another rally again? #Sugar#commodities#trendlines#ROC#investing 1/n
- 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)