Channel Breakout Strategy for Long-Term Accumulation

30 มิ.ย. 2024

Let's structure it as a clear trading strategy:

**Trading Strategy: Channel Breakout and Long-Term Accumulation**

1. **Identify Breakout**: Look for stocks breaking out of their historical trading range, accompanied by a sudden increase in trading volume.

2. **RSI Confirmation**: Confirm the breakout with the Relative Strength Index (RSI) around 53, indicating moderate bullish momentum without being overbought.

3. **EMA Analysis**: Ensure the stock is trading above all key Exponential Moving Average (EMA) levels, signifying strong upward momentum and stability.

4. **Accumulation Range**: Accumulate shares within the price range of ₹491 to ₹500 per share during the retesting phase after the breakout.

5. **Long-Term Hold**: Plan to hold these accumulated positions for the long term, leveraging the breakout and technical indicators for sustained growth potential.

This strategy combines technical analysis with a focus on breakout opportunities and long-term investment goals.