OK let's get started ,
A Day Trading (Intraday) Consolidation Breakout Indication Strategy that explains time condition for Indian Markets .
The commission is also included in the strategy .
The basic idea is ,
1) Price crosses above upper band , indicated by a color change (green) is the Long condition
2) Price crosses below lower band , indicated by a...
- Stock to give a bull run
- Stop loss should be tight around 135 range because once the stocks goes below 135 range it has a high probability to go till the demand zone 110.
- If the stock touches the demand zone at 110 can re-enter there.
- Can anticipate a 12% move till 155 range
Last time i posted this stock on 13th of October and since then it kept me waiting for the right time.
I clearly mentioned it needs to halt before breaking out and that is what it did.
Previous Posted Chart for the reference :-
Waited for almost 20 days and then gave returns of 10% in a day.
This is what is important in trading Waiting for the right time....
