After very good listing
Stock was in consolidation after Steller listing
was not able to break first day high for quit few times
1. Try to break in first attempt(shown in candle '1')
good volumes seen but candle was weak onw
But BO of this candle not happened
2. Again try to BO (shown in candle '2')
good volumes with very strong candle
after forming candle '2'
stock went to consolidation with decreasing volumes
BO of candle '2' happened with strong candle and good
then very good move seen
this is live example of breakout with
Thanks for your kind word
Basically i am scan (see chart) daily each stock of F&O specially and some other liquid stock manually
Thanks for Reply.
But there may some critaria or some system you have adopted based on indicators or other parameters to look into or search into such stock for further trade in these stock
Like based on RSI or ADX or Volume value which attarct you to search trade in these stocks.
Thank for reply
but my observation abut volume was always increase after breakout which create false decision for trader for investment in that breakout stock and it may be late for investment before stock reachs it high or low.
My strategy is to buy high and sell even higher
as famous quote "Only two people know top and bottom of the market: God & a liar"
Thanks for choosing my Idea, appreciated
Will looking forward to contributing more.....