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.
Note
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 weekNote
showing some signs of rebound around 212Trade active
triggered nowNote
got in @212.3 RsNote
213.8 reachedNote
Risky as rejection fron 214Note
SL @210Note
in hindsight, feels booking out @214 would have been better in this week broader marketNote
SL @ 210; price reached 210.05 and retracedTrade closed: stop reached
SL hitNote
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 yetNote
Entry only if range high of 212.5 is brokenNo trade if 210 is broken on the downside
Trade active
2nd entry madeNote
213.5 nowNote
strength after 214Note
new SL @ 211 Rs. let' seeTrade closed: stop reached
SL hit. 3.8 Rs loss on two trades (212.3 ->210 and the second trade 212.5 -> 211)
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