This is a live swing trade I am taking in $APOLLOTYRE. This is a high-probability "Breakout & Retest" setup that has been building for 6 months.
This post is for my journal, detailing the full mechanical framework I am using to manage this trade.
1. Indicators Used on This Chart
9 EMA (thin black line): Short-term momentum.
21 EMA (thin orange line): Our key support level and new trailing stop for the runner.
50 EMA (green line): Medium-term trend.
200 EMA (red line): Long-term uptrend confirmation.
Volume: To confirm conviction.
2. Decoding the "Breakout, Retest, Go"
This is a patient, multi-stage setup. We are not just buying a simple breakout.
The First Breakout (Oct 20): The stock cleared the ~₹498 resistance, showing initial strength.
The Pullback (The "Retest"): As expected, the stock failed to follow through and pulled back to retest the old breakout level.
The Shakeout & Hold (Nov 7): On Nov 7, sellers tried to push it down. The price briefly dipped but found perfect support right at the old breakout zone and the 21EMA (orange line). Buyers won, and it closed strong.
The Confirmation (Nov 10): We waited one more day for the bounce to be confirmed. It held, showing strong support.
The Entry (Today): With support confirmed, we are now entering at ₹523 as it breaks out of this new consolidation, signaling the next leg up.
3. The Mechanical Trade Plan (The "Swing" Playbook)
This is a cash "Swing" trade, and the rules are 100% mechanical.
Bias: Long
Entry (Purple Line): ₹523.00
Stop-Loss (Red Line): ₹497.50 (Placed structurally below the retest low)
Risk (1R): My risk is fixed at ₹25.50 per share (a 4.88% risk). My position is sized for this 1R.
4. Our Upgraded Exit Strategy (The "2R / 21EMA Hybrid")
This is our refined exit framework, designed to pay ourselves and still hunt for a "monster win."
Target 1 (Base Hit): Sell 50% of the position at +2R.
2R Target = ~₹574.00
The "Free Trade": As soon as Target 1 is hit, the stop-loss on the remaining 50% is moved to Breakeven (our entry at ₹523.00).
Target 2 (The "Monster" Runner): We will trail this 100% "free trade" using the 21EMA (the orange line). This gives the true trend room to run, which is essential for catching a multi-week winner.
Disclaimer: This is not financial advice. This is my personal trade journal and framework, shared for educational and analytical purposes only. Always do your own research.
This post is for my journal, detailing the full mechanical framework I am using to manage this trade.
1. Indicators Used on This Chart
9 EMA (thin black line): Short-term momentum.
21 EMA (thin orange line): Our key support level and new trailing stop for the runner.
50 EMA (green line): Medium-term trend.
200 EMA (red line): Long-term uptrend confirmation.
Volume: To confirm conviction.
2. Decoding the "Breakout, Retest, Go"
This is a patient, multi-stage setup. We are not just buying a simple breakout.
The First Breakout (Oct 20): The stock cleared the ~₹498 resistance, showing initial strength.
The Pullback (The "Retest"): As expected, the stock failed to follow through and pulled back to retest the old breakout level.
The Shakeout & Hold (Nov 7): On Nov 7, sellers tried to push it down. The price briefly dipped but found perfect support right at the old breakout zone and the 21EMA (orange line). Buyers won, and it closed strong.
The Confirmation (Nov 10): We waited one more day for the bounce to be confirmed. It held, showing strong support.
The Entry (Today): With support confirmed, we are now entering at ₹523 as it breaks out of this new consolidation, signaling the next leg up.
3. The Mechanical Trade Plan (The "Swing" Playbook)
This is a cash "Swing" trade, and the rules are 100% mechanical.
Bias: Long
Entry (Purple Line): ₹523.00
Stop-Loss (Red Line): ₹497.50 (Placed structurally below the retest low)
Risk (1R): My risk is fixed at ₹25.50 per share (a 4.88% risk). My position is sized for this 1R.
4. Our Upgraded Exit Strategy (The "2R / 21EMA Hybrid")
This is our refined exit framework, designed to pay ourselves and still hunt for a "monster win."
Target 1 (Base Hit): Sell 50% of the position at +2R.
2R Target = ~₹574.00
The "Free Trade": As soon as Target 1 is hit, the stop-loss on the remaining 50% is moved to Breakeven (our entry at ₹523.00).
Target 2 (The "Monster" Runner): We will trail this 100% "free trade" using the 21EMA (the orange line). This gives the true trend room to run, which is essential for catching a multi-week winner.
Disclaimer: This is not financial advice. This is my personal trade journal and framework, shared for educational and analytical purposes only. Always do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.