RITES on Breakout; above 344.5 on Friday 3 Mar for Intraday gains Please check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours: ---------------------------------------------------------------------------------------------------------------------
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday. "High Risk Traders" may have to 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 may 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 may book profits at this stage
Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"
The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
Trade aktif
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opened @346
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went upto 348, it is a minor resistance
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strenghth only above 348.5
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349 now
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351.5
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352.2
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6 Rs (2%) since entry price @346
Trading ditutup: target tercapai
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6 Rs (2%) since entry price @346
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353 now... likely to move further up
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354.3 now
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355.4 now
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356 now
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Another 1% ; from 353 to 356
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though risky, it has the strength to reach 360 today
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High of nearly 357 reached 3% upmove from entry price so far