Basic of breakout trade is some market condition.
Also some stock sp behavior.........this 2 i say as SET UP.
now in set up , u take a position............
mind it, its a potential........so failure of not happening is high........key word is how handling resistance,.......go to smaller time frame,......just see how things r unfolding.
.........so potential candidate has high probability or lower one ,u can follow.
BOOK loss on failed one,
Now the key.........while wide bar forming in your expected direction simply buy in BIG volume.
Example......see HPCL eod,........position at 340-350 to be added to make quickly 100/- per share.
.............
regards
Also some stock sp behavior.........this 2 i say as SET UP.
now in set up , u take a position............
mind it, its a potential........so failure of not happening is high........key word is how handling resistance,.......go to smaller time frame,......just see how things r unfolding.
.........so potential candidate has high probability or lower one ,u can follow.
BOOK loss on failed one,
Now the key.........while wide bar forming in your expected direction simply buy in BIG volume.
Example......see HPCL eod,........position at 340-350 to be added to make quickly 100/- per share.
.............
regards