USHAMART on Breakout; above 212 on Friday 10 Mar for Intraday
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.
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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.
註釋
Though one candle closed above 212, the very next candle got huge rejection from there, hence not entered. will wait for a srong closing above as the broader market is super week註釋
showing some signs of rebound around 212交易進行
triggered now註釋
got in @212.3 Rs註釋
213.8 reached註釋
Risky as rejection fron 214註釋
SL @210註釋
in hindsight, feels booking out @214 would have been better in this week broader market註釋
SL @ 210; price reached 210.05 and retraced交易結束：達到停損點
SL hit註釋
Would wait for some consolidation between 210 - 212 is required for a sustained upmove. Possiblity of upmove is still intact as bullish structure is not broken yet註釋
Entry only if range high of 212.5 is brokenNo trade if 210 is broken on the downside
交易進行
2nd entry made註釋
213.5 now註釋
strength after 214註釋
new SL @ 211 Rs. let' see交易結束：達到停損點
SL hit. 3.8 Rs loss on two trades (212.3 ->210 and the second trade 212.5 -> 211)
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