Saturday, March 2, 2024

NIFTY500 4% breakouts & pullbacks

 



So the two primary ideas that I am able to conclude upon are breakouts and pullbacks. Pullbacks happen till moving averages and tight candles are formed, the low of this candle should be used as the stoploss (preferably 1-2% candles within the moving average range). 

The SL of a breakout should also be the day half (2 - 2.5%* suggested by eg). And target should be followed with candle lows or halves as the trailing stoploss.  


Stock under observation:








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