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raavigeorgian
May 9, 2021 9:38 AM

Cybertech 4mth Base Breakout Long

CYBERTECH SYSTEMSNSE

Description

The chart looks very attractive.
If one looks at its Quarterly chart, it'll seem like a test of the breakout area, and now headed higher for yet another breakout.
Notice there's a similar pattern formed in Oct-Dec before it broke out.

Moving along with sector.

SL: Sell below Breakout Candle.
TGT: Breakdown of 20MA on Hourly chart (on a daily close basis)

BUY RULES:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.

SELL RULES:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.

Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.

Comment

It has tested the breakout area of the box BO, and is headed higher.
Comments
Taurus333
what to do, it is falling. Fake breakout?
raavigeorgian
@Taurus333, If you're a short term/swing trader, one must always trust the SL more than the company or its fundamentals.
Taurus333
@raavigeorgian, I am atleast in this share for 2-3 months. Share still looks to be in uptrend. But yeah SL should be followed.
raavigeorgian
@Taurus333, Sounds good.
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