JJ_Breakouts

MCX bullish; above 3985 ? - Friday 12th Apr.

JJ_Breakouts Diupdate   
NSE:MCX   MULTI COMMODITY EX
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...

SWING Trading Strategy:

Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)

INTRADAY Trading Strategy:

1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday.
"High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also

2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage

3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.

Both Safe Traders/High Risk Traders book profits at this stage


This do not constitute, financial, investment, trading, or other types of advice or recommendation.

Komentar:
Yet to trigger
Komentar:
taken off from 3985
Komentar:
rejected from 3995 in just 2 candles... momentum only above 4000 if broader markets stablizes
Komentar:
showing some signs of rebound... Call option notional profit of over 5000 Rs turned to loss of over 2500 in just two candles
Komentar:
4040 Rs now... call option of 150 to 190 Rs now
Komentar:
4065 now
Komentar:
Callo option of 150 to 201 Rs now...Good enough!!
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