Some traders use indicators for confirmations, but in this post i have discussed confirmations based on price action only.
Same strategy can be used for breakouts.
Notes on the chart.
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Trade safe, stay healthy.
Very strong uptrend supported by overall market strength..no pullback.
Breakout candle was huge so no attempt for FB or TFB
Never buy deep OTM options coz they r cheap.
When in doubt, it's always good to book small loss rather than hold for bigger loss.
As of now chances are bleak for u to recover ur losses. It needs a very strong push beyond 11000 for ur options to get active.
Sorry, I am new and have one question. In the first chart, you said buy position in PRR. But in second chart (Anticipating breakout), you said to take positions in e and g. Shouldn't we enter after confirming the breakout in that case? In the third chart(Range breakout) also, you are talking about taking positions in the range itself after confirming the range and not after the breakout.