Thread by @PrathmeshKabra

Losing money in breakout?

Try going for the stocks which have retested

Below in the thread🧵is detailed explanation with examples

#Nifty #trading #tradingstrategy #strategies #nseindia #StockMarketindia #StockMarket #stocks #sharemarket
@kuttrapali26 @JayneshKasliwal @VCPSwing

When a stock gives a breakout but fails to go in the direction and complete its target then it is called as failed breakout or a fakeout. In this type of situation stock either consolidates or goes in the opposite direction. Refer to the images for better understanding.

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#retest
whenever a stock trails back to the resistance after a breakout and bounces off from support and starts moving towards the target that time it is called as a retest entry. This is one of the best approaches for breakouts.

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Here are some real-life examples of failed breakouts or fakeouts. Which went for breakout and hit Sl or gave breakout and then started consolidating.

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Here are some real-life examples of retest entry which completed their target.
1) #Campus gave a proper retest entry twice recently once in Aug and second time in Sep
2) #Ksb gave a retest entry
3) #Aether industries gave retest entry recently in sep

I traded 1) and 3)

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This is a very basic and simple but effective concept. Follow, comment, like for more trading concepts and trading strategy.

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