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RITES on Breakout; above 344.5 on Friday 3 Mar for Intraday gain

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RITES on Breakout; above 344.5 on Friday 3 Mar for Intraday gains
Please check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours:
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1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also

2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage

3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.

Both Safe Traders/High Risk Traders may book profits at this stage

Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"

The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
交易進行
opened @346
註釋
went upto 348, it is a minor resistance
註釋
strenghth only above 348.5
註釋
349 now
註釋
351.5
註釋
352.2
註釋
6 Rs (2%) since entry price @346
交易結束:目標達成
6 Rs (2%) since entry price @346
註釋
353 now... likely to move further up
註釋
354.3 now
註釋
355.4 now
註釋
356 now
註釋
Another 1% ; from 353 to 356
註釋
though risky, it has the strength to reach 360 today
註釋
High of nearly 357 reached
3% upmove from entry price so far
Chart PatternsTrend Analysis

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