A breakout is a stock price moving outside a defined support or resistance level with increased volume. A breakout trader enters a long position after the stock price breaks above resistance or enters a short position after the stock breaks below support. Once the stock trades beyond the price barrier, volatility tends to increase and prices usually trend in the...
Only EDUCATIONAL Purpose KEY TAKEAWAYS Technical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause or reversal of a prevailing trend. Support occurs where a downtrend is expected to pause due to a concentration of demand. Resistance occurs where an uptrend is expected to pause temporarily, due to...
Bullish moving crossover
After Breaks the Resistance line of 175.50...next Immediate Target 200 rupees on Daily charts....with Stricts SL 165
Big resistance 519 on daily charts..if this level breaks...next breakout will possible
Glenmark...on Daily charts above...519 level...buy