dumb_charting

IPO Waiting for a high volume break out

dumb_charting Updated   
NSE:CELLO   CELLO WORLD LTD
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.
Comment:
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
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