How to set targets for this kind of intraday breakouts...??

Please have a look at the intra day breakouts I made with Green Color Channel.

And the other is about breaking the recent highs. (colored BLUE)

I want know that HOW TO SET TARGETS FOR THIS KIND OF INTRADAY BREAKOUTS...??

Please reply me with details.

Thanks everyone.

just google for falling wedge.
all the best.

Just look at the market structure and understand the price behaviour. You will be able to find the target without getting confused with multiple patterns..
When it brok the channel after 1320, market pivot of 11.00 am was clearly the target.
When it broke beyond 11.00 level, prev days low acted as resistence.
When it fell it found support at pivot level of after 12.12 pm.

Had it gone above prev days low, the resistence would have come from pivot levels from yesterdays chart .

Focus on the price action and pivot levels which gives lot of info.

Happy Trading

Thanks AW10 for your detailed reply.

I really appreciate it...

drywater86,

Have you ever cared to find out the Failure rates of these type of Intraday b/o s.
There are many reseraches made in this field try to Google those.1 polish guy 'Bullkowaski' made some statistical study.
In Intraday trading the Tgt/Strategy are always made as per one's own 'Comfort'.
Allow me to share my take on b/o.
For me everyday i follow only one theme first & foremost (may be my initial days of loosing few Lacks have scarred me) to 'Survive' & to garner some supplies so that can sustain the Rainy days ,which can come anytime.So i would never ever look for Tgts ,just after the Trade the motto is to book some profit (50 % of initial position)if it goes in my favour(95% time b/o s go in favour),then the adrenaline comes down,next to put stop at entry so in no way i am going to loose in this trade.Now all the Perspective of the chart returns,i become more objective than subjective,all the classical Tgt etc. is the 2nd pursuit.

Plz look & learn about the b/o failures also & make a strategy ,how to tackle it.

Asish