GLENMARK on Breakout; above 445 for Intraday on Thursday

Zaktualizowano
GLENMARK on Breakout and with good volume; above 445 on Thursday 23 Feb for Intraday gains
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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.
Uwaga
Facing rejection at trigger price
Uwaga
Some consolidation above 443 is required, if it has to move up. Looks like it is on
Zlecenie aktywne
Risky entry @ 444 with SL 441
Uwaga
445.5 now
Uwaga
446.5 now
Uwaga
447.5 now
Uwaga
448.5 now
Uwaga
Since market is not very supportive, will book out @ 1% from entry
Transakcja zamknięta: osiągnięto wyznaczony cel
Uwaga
If to ride the uptrend, keep trailing SL @ 445
Uwaga
Resuming uptrend,449
Uwaga
Crossed 450 now
Uwaga
Strength to uptrend above 451
Uwaga
451.5 now
Uwaga
Crossed 452.5
Uwaga
453.5 now
Uwaga
2nd target reached @ 453.5
Zlecenie zamknięto ręcznie
Uptrend over
Uwaga
Decent return of 10 Rs ( nearly 2%)
From 444 to 448.5
From 449 to 453.5
Chart PatternsTrend Analysis

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