Sir, thanks for this analysis. But with most stocks breakout entries are fraught with risk of getting locked in. You mention that this stock was in long down move since August. So folks who would have bought in August on basis of that breakout would have had stressful weeks when it dropped more than 15%. With little of knowledge of Ichimoku don't you think one has to take entry when price is above cloud but close to it because it has already made an upside of 20% from 15x levels? Thanks anyway for your analysis.
Dinesh_C_Nagpal
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@PriceCatch above the cloud would be breakout and yes its a stronger signal, the alternative would be to buy near support in a pullback with a confirmation and stop loss