Breakout : DHFL


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Tools for Breakout Trading

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It's a popular trading method and shows results (Profit or Loss) instantly. A breakout is a stock price moving outside a defined support or resistance level with increased volume. A breakout trader enters a long position after the stock price breaks above resistance or enters a short position after the stock breaks below support. Once the stock trades beyond the price barrier, volatility tends to increase and prices usually trend in the breakout's direction. The reason breakouts are such an important trading strategy is because these setups are the starting point for future volatility increases, large price swings and, in many circumstances, major price trends. A few pointers for Breakout trading: 1. TRADE BREAKOUTS IN THE DIRECTION OF THE TREND 2. WAIT FOR HIGHER VOLUME TO CONFIRM A BREAKOUT 3. ENTER ON RETEST OF SUPPORT OR RESISTANCE 4. TAKE ADVANTAGE OF VOLATILITY CYCLES 5. HAVE A PREDETERMINED EXIT PLAN 6. SAVE TIME BY SCANNING FOR BREAKOUT CANDIDATES ...
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Trendline and Channel Live examples

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Trendlines are a relatively simple tool that can be used to gauge the overall direction of a given asset, but, more importantly, they can also be used by traders to help predict areas of support and resistance This means that trendlines are used to identify the levels on a chart beyond which the price of an asset will have a difficult time moving. In the context of technical analysis, a channel is when the price of an asset is moving between two parallel trendlines. The upper trendline connects the swing highs in price, while the lower trendline connects the swing lows. Trendlines are a great tool, showcasing short-term trends within the overall trend. Pay attention to price action and always consider it when using trendlines. If the price makes lower lows and lower highs, it's still a downtrend even if the price moves above a descending trendline. If the price makes higher highs and higher lows, the price still has an uptrend even if it moves below the trendline. Today's E...
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MCX Intraday Crude Oil Trading system ( for Paper Trading)

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Crude Oil  offers high LIQUIDITY  and excellent opportunities to PROFIT  in nearly all market conditions. It offers two unique advantage :-- 01. Extremely competitive spreads 02. Excellent Leverage . Zerodha offers up to 40 x leverage on BO/CO. DM @bhansaliMds for any inputs. 1. Work on 15 Min. Candlestick Chart of Crude Oil – MCX 2. Locate highest volume bar between 10 AM to 5 PM 3. Pen Down Traded Volume ( X ) of that bar. 4. Multiply this volume by 2 ( =2X ) 5. Watch live charts after 5PM for the candle having 2X or above volume. We call this candle – Trigger  Bar ( TB) 6. Add 5 points as buffer before placing Buy and sell order on TB . 7. Keep Risk Per Trade ( RPT ) constant. 8. Once one order trigger , other order will work as Stop Loss Order. 9. Exit at End of Day or 1R   
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