Breakout Stock

lemondew

Well-Known Member
#1
Hi folks I will be posting stocks which have broken out. You can share the same.

Criteria as follows.
1. The stock should be moving swiftly beyond ranges to new levels upside or downside in daily/weekly timeframe
2. The stock should just come out of range in dailytimeframe. Something like retrending after a pause.

Example. HPCL

 

lemondew

Well-Known Member
#6
I have placed a Sl of 262.6. Below that I ll short on highs. 262 is the previous low it has made which is broken. Lets see if it goes above 262.60 then am out:up:.

Also 11 to 12 provides a good range to enter. Closer to our SL better our risk

What’s the strategy with Tata motors? I have a short placed based on the JLR news, but it’s actually recovering from the morning lows.



Cheers
AK
 
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