IGL - RETEST AFTER BREAKOUT - BUYING LEVELI had already shared a the idea, look at the link given below to know why this is a high probable swing trade.
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
IGL
IGL - Accummulation - Get ready to enterA Symmetrical triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
IGL - How to avoid false breakout??The stock is in a clear cut indication of consolidation. It has given some false breakouts.
How to avoid false breakout??
No spike in volume
Breakouts only happened after 3pm
After gap up opening, it couldn't sustain above the levels
Entry was not given by the stock as the price never crossed the high of the 15min breakout candle
When and where can entry be taken??
Upside : once their is a volume spike after breakout, entry can be taken when the the price crosses the high of the 15min breakout candle
Downside : once their is a volume spike after breakdown, entry can be taken when the the price crosses the low of the 15min breakout candle
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
After Correction of breakout IGL ready for target of 505+After the breakout of the neckline at 429, its completed correction move and again ready to move towards its immediate target at 485. We can get good risk-reward in this trade. Downside 429 is acting as support so we can set this as a stop loss for this position.
Possible Trade:
Buy IGL above 449.50
Stop loss 429
Target 485 505+
MGL- SWING PICK by Market MattersA breakout has happened. Now wait till it retest the breakout level and move higher...........
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
IGL - Accummulation - Get ready to enterContinously trading in a small range is an indication of a breakout. A BIG BREAKOUT...........
Buy above 850.55
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!