GLENMARK PHARMACEUTICALS
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GLENMARK on Breakout; above 445 for Intraday on Thursday

ที่อัปเดต:
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.
บันทึก
Facing rejection at trigger price
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Some consolidation above 443 is required, if it has to move up. Looks like it is on
การซื้อขายยังคงดำเนินอยู่
Risky entry @ 444 with SL 441
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445.5 now
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446.5 now
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447.5 now
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448.5 now
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Since market is not very supportive, will book out @ 1% from entry
ปิดการเทรด: ถึงเป้าหมายการทำกำไร
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If to ride the uptrend, keep trailing SL @ 445
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Resuming uptrend,449
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Crossed 450 now
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Strength to uptrend above 451
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451.5 now
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Crossed 452.5
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453.5 now
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2nd target reached @ 453.5
ปิดการเทรด ด้วยตนเอง
Uptrend over
บันทึก
Decent return of 10 Rs ( nearly 2%)
From 444 to 448.5
From 449 to 453.5
Chart PatternsTrend Analysis

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