TradingView
HARMONICSANAND
Jul 19, 2021 9:23 AM

multiyear breakout trade setup! Long

Description

mothersumi : 243.25
trade set up :
1. buy above 253.50
2. keep stop loss as 228 on closing basis
3. targets : 272 / 305 / 393
technical buy based on
1. breakout retest
2. rounding bottom
3. multiple time frame analysis
4. consistent volume increase
time frame 2 to 3 months
Comments
sandeepbalachandran
Thank you Anand for this. I have this on my watchlist for close to a month. I have a small investment amount, plus I am relatively new to the whole trading system. So, I have a few questions.
When you say, buy above 253,
1. Should the candle close above 253 on the day, 4-hour, or 1-hour chart?
2. And for a beginner (like me), would you recommend buying in smaller lots as the price increases or buying the entire lot in one go? (I know this is totally up to the person bidding but I would like to know your views and thoughts on it)

Thank you!
HARMONICSANAND
@sandeepbalachandran closing with volume at breakout price even one hour candle will trigger a good breakout
sandeepbalachandran
@HARMONICSANAND, Thanks Anand :)
tbgokani
@HARMONICSANAND, sir 1 more question, Should we trust 15 min candle or wait for 1 hr candle ?
HARMONICSANAND
@tbgokani, for intraday trade we can
More