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Breakout

NIFTY ---IMPORTANT LEVELS -BASED ON VOLATILITY NIFTY has been in trading sideways for many weeks now (since dec ) many small patterns on hourly and day chart formed in between which gave hope that correction will end ----however the consolidation continued frustrating many----NIFTY is now ready for an impulse -----the breakout or breakdown levels are marked by blue lines in the analysis ----aggressive traders can go long or short once the price stays above the levels for few minutes ..... the target in case of upside breakout will be 11450 spot (over several days ) the target on downside will be 10200 spot .....this will be for positional trades only.....advised stoploss will be 65 points from the levels please remember 1 the targets are very good however all trades carry risk.....the risk in this trade is 65*75 per nifty lot of 75 =4875 minimum......this trade is NOT SUITABLE for small traders.....that is those having capital less than 2 lakhs..... 2 the study involves elements of volatility.....volatility increases can lead to sharp moves.....which means loss of capital can be fast....u should be able to monitor trade in real time from entry at least till it moves 100 points or so in your favor....those who are not able to monitor in real time please avoid this ... 3 Futures carry high degree of risk ......only those who can calculate the risk and understand it should trade ..... 4 OPTION PLAY....option trade can be taken based on above ... however options are far more complex than futures......only those who can understand option ,time decay associated with it should get involved in option..... 5 The recommendation is for aggressive traders who have the capital and mindset to take breakout trades.......it happens sometimes that short term technical get stretched at breakout and price goes sideways (often hitting stoploss) before resuming its direction......this is always a consideration for aggressive traders ....keep this in mind.......i would NOT recommend re entering trade once stoploss is hit ......instead take a break..... (THE RED LINES ARE PRESENT FROM PREVIOUS STUDY AND HAVE WORKED WELL IN THE SIDEWAYS MOVE SO FAR)
NSE:NIFTYEducation
by GauravSaini
4
STRATEGY FOR INTRADAY/DAY TRADINGRANGE BREAKOUT STRATEGY ------------------------------------------------------- 1) First find a stock which moved only in a extremely narrow range after 10 or 10:30am during the day on 15 min timeframe. 2) Draw a rectangle covering all HIGHs and LOWs (as shown in this example) 3) Entry for Buy will be Upper Lvl of box with SL as Lower Lvl & Entry for SELL will be Lower Lvl of box with SL as Upper Lvl 4) Target can be decided based on Support/Resistance Levels 5) This strategy has given me 95% accuracy on 40 trades in 5 trading sessions. Try and learn. You can also look at volumes for BTST calls
NSE:HCLTECHEducation
by akc_trading
Nifty!! Take Some Rest, Sync In HarmonyHi all, So finally we broke out of ranges. But the problem is that we are not consolidating, which recalls me of a saying "the quick you gain, the quicker you lose". Yes, we are in strong momentum and everybody is in breakout euphoria. But there has to be a point of saturation, which I suppose is near 11033. I don't say that it will be the end of this rally but may be a brief pause or pullback as we have left a few gaps to be filled. We might also retest the breakout level, which is 10800. Once again I say that I could be totally wrong this time as we may end up pushing higher in a mad euphoric bull market (which would be extremely dangerous). What I am notifying here is a caution at that level, b'coz you know at some point of time the traders like me think of booking profit. Trade safe, stay healthy. Make informed decisions. Regards JJ
NSE:NIFTYEducation
by Bravetotrade
4
How to Trade A Range and Potential BreakoutHello Traders, All of us want the price action to follow our direction of trade but that doesn't happen always. The price action has a natural tendency to move up and down; build ranges and develop patterns. Most of the ranges and patterns are like whipsaws and many traders stuck in these situations and lose money. The most effective ways to deal with such a price action is patience and a better strategy. When I say better strategy that means the one which keeps you ahead of the others. In this backdrop, I have tried to spot better entry points in case the price action builds a range after a nice up move and we are visualizing a potential breakout. Entry at these spots doesn't guarantee sure win but minimize our risk and increase the chances of reward. After an entry, stops can be placed below the range or below the prior swing low -- whichever suits the situation. Same strategy can be applied, in opposite direction, in case the overall trend is down and we visualize a potential breakdown after a range. Notes on the chart. Hit like for better educational publications in future. Comments are welcomed. Trade safe. Best Regards Bravetotrade
NSE:NIFTYEducation
by Bravetotrade
8
Anticipate the Breakouts: Time-Volume-Momentum RelationshipHi fellow Thanks for your response to my last post in which we discussed what happens after a breakout. In this post we will discuss better ways to anticipate a breakout. Although the types discussed are ideal that doesn't mean they are not possible in real time. That's why I have been posting some examples. However, anticipating a breakout does not mean that it will surely happen and you would end up in profit. That's the harsh part of trading and we should accept it. The least we can do is to have a plan and execution of that plan. These types of breakouts are common on lower time frame charts. But if and when they occur in larger time frame, their magnitude and effect multiplies. Rest of the notes are on the chart. Have fun. Your likes are the only motivation to post better analysis in future. Trade safe, stay healthy Best Regards Afraidtotrade
NSE:NIFTYEducation
by Bravetotrade
23