IPO Waiting for a high volume break out

Dec 13, 2023

Recent IPOs like IREDA,PROTEAN etc consolidated and given a break out of 20% in intraday and 10%-20% in a week , applying same principle here, the stock is really waiting for a good high volume break out, wait for a week or two and leave if not triggered.

Dec 13, 2023

Note

Wait for strong volume candle to break 830 on intraday, to see a up move of 10-20 percent next day and then exit, stop loss after entry at 830 is 790