NAVA on Breakout and with good volume; above 255 on Thursday 16th Feb for Intraday gains -------------------------------------------------------------
INTRADAY Trading Strategy based on 3 stages of a breakout:
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 active
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opened @258
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now @262
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263.5 now
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reached 264.5
Trade closed: target reached
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booking out as it is facing rejection
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trailing stop loss at 261
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failing to cross 264, the immediate top made today, will retrace now
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trailing stop loss
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classic breakout structure now as given above 1) Impulse upmove stage: 2) Pullback-Consolidation stage: 3) Breakout continuation:
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1) Impulse upmove stage: 9:15 to 9:24 am 2) Pullback-Consolidation stage: 9:25 to 9:38 am 3) Breakout continuation: 9:40 am to till now
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looking strong.. will go further if it crosses 265 again
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266.5 now
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3% upmove in F&O stock!!!
Trade closed: target reached
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High of 279 from trigger price of 255 Nearly 10 % upmove!!!