NAVA on Breakout and with good volume; above 255 on Thursday 16th Feb for Intraday gains
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INTRADAY Trading Strategy based on 3 stages of a breakout:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders may book profits at this stage
Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"
The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
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INTRADAY Trading Strategy based on 3 stages of a breakout:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders may book profits at this stage
Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"
The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
Trade active:
opened @258
Comment:
now @262
Comment:
263.5 now
Comment:
reached 264.5
Trade closed: target reached:
booking out as it is facing rejection
Comment:
trailing stop loss at 261
Comment:
failing to cross 264, the immediate top made today, will retrace now
Comment:
trailing stop loss
Comment:
classic breakout structure now as given above
1) Impulse upmove stage:
2) Pullback-Consolidation stage:
3) Breakout continuation:
1) Impulse upmove stage:
2) Pullback-Consolidation stage:
3) Breakout continuation:
Comment:
1) Impulse upmove stage: 9:15 to 9:24 am
2) Pullback-Consolidation stage: 9:25 to 9:38 am
3) Breakout continuation: 9:40 am to till now
2) Pullback-Consolidation stage: 9:25 to 9:38 am
3) Breakout continuation: 9:40 am to till now
Comment:
looking strong.. will go further if it crosses 265 again
Comment:
266.5 now
Comment:
3% upmove in F&O stock!!!
Trade closed: target reached:
High of 279 from trigger price of 255
Nearly 10 % upmove!!!
Nearly 10 % upmove!!!