USHAMART on Breakout; above 212 on Friday 10 Mar for Intraday
Please check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours:
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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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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.
Comment:
Though one candle closed above 212, the very next candle got huge rejection from there, hence not entered. will wait for a srong closing above as the broader market is super week
Comment:
showing some signs of rebound around 212
Trade active:
triggered now
Comment:
got in @212.3 Rs
Comment:
213.8 reached
Comment:
Risky as rejection fron 214
Comment:
SL @210
Comment:
in hindsight, feels booking out @214 would have been better in this week broader market
Comment:
SL @ 210; price reached 210.05 and retraced
Trade closed: stop reached:
SL hit
Comment:
Would wait for some consolidation between 210 - 212 is required for a sustained upmove. Possiblity of upmove is still intact as bullish structure is not broken yet
Comment:
Entry only if range high of 212.5 is broken
No trade if 210 is broken on the downside
No trade if 210 is broken on the downside
Trade active:
2nd entry made
Comment:
213.5 now
Comment:
strength after 214
Comment:
new SL @ 211 Rs. let' see
Trade closed: stop reached:
SL hit.
3.8 Rs loss on two trades (212.3 ->210 and the second trade 212.5 -> 211)
3.8 Rs loss on two trades (212.3 ->210 and the second trade 212.5 -> 211)