JJ_Breakouts

TRITURBINE on Breakout; above 310 for Intraday on Wednesday

Long
JJ_Breakouts Zaktualizowano   
NSE:TRITURBINE   TRIVENI TURBINE LTD
TRITURBINE on Breakout and with good volume; above 310 on Wednesday 22nd 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.
Zlecenie aktywne:
opened lower than trigger price but rebound from 306
Komentarz:
now 311.75
Komentarz:
retracing due to negative broader market
Komentarz:
strict stoploss at 308
Komentarz:
strong selling expected if it does not sustain 311
Transakcja zakończona: osiągnięto poziom stop:
Stop loss hit at 308
Komentarz:
Fresh entry only above 310.5 / 311 (only if it sustains for 3/5 minutes
Komentarz:
reached 311 again
Komentarz:
risky entry @309
Komentarz:
will book out if it fails to cross 311 again now
Komentarz:
keeping a close SL @307.5
Komentarz:
inching to 309.7 at 11:57 am
Komentarz:
310.20 now
Komentarz:
booking out @ 310.20 now
Zlecenie zamknięto ręcznie:
small target as broader market is negative
Komentarz:
missed out some more... 311 now
Komentarz:
inching up to 312
Komentarz:
retraced from 312 to 309.7
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