This stock looks good, if it gives a successful breakout with good volume
Levels are already mentioned in chart.
- Once given a successful breakout .. it looks good above 710 for immediate target of 735-40 and 2nd target of 770+ and T3 of 800+
Things to remember
1) Always wait for Confirmation, don't just jump in running candle
2) Condition for breakout is ... it should break the range with big green candle with good volume
3) There is 90% chance after a successful breakout, it should comeback to Re-test the support, which was once resistance
4) Always keep trailing Stop loss.
Note : I am still learning .. let me know if i missed anything
Disclaimer : This is purely for education purpose only
Levels are already mentioned in chart.
- Once given a successful breakout .. it looks good above 710 for immediate target of 735-40 and 2nd target of 770+ and T3 of 800+
Things to remember
1) Always wait for Confirmation, don't just jump in running candle
2) Condition for breakout is ... it should break the range with big green candle with good volume
3) There is 90% chance after a successful breakout, it should comeback to Re-test the support, which was once resistance
4) Always keep trailing Stop loss.
Note : I am still learning .. let me know if i missed anything
Disclaimer : This is purely for education purpose only
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