Havells trading setupHow to trade is written do.
Don't take the trade under the area in yellow box. It will be very volatile and there is no setup under it.
It given falls Breakout and it is now retesting the box area.
What to do
1) Trending in daily time frame.
2)Don't short until it gives good signal bcz it is in uptrend.
3) Volume required if box broken.- Important*
4) Bullish candlestick pattern req. for long position.eg pin bar etc.
5)Let the stock made momentum.eg use adx,macd for momentum.
6)Use 5 minutes time frame to trade.
Pro tip- If it open gapup more than 2% avoid it bcz probability of winning will be 50% which is not good.
Use stoploss.
All conditions should be mate-Required*
Don't take trade if any one of the above condition is not mate.
Quality matters not Quantity.
*This is only for education purpose do self analysis before investing.
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