Day Trading Stocks & Futures

pratapvb

Well-Known Member
re: Day trading Nifty & Banknifty Futures

Guyss... I have a question on technical chart. Where should we place our stop loss for stock which breaks 52 week high? The entry is at the breakout point.
52 week high is 415 and my entry is at 415, and if the stock closes above 415, is it wise to keep initial stop loss at 415 or it should be previous support level??
Am talking about Auropharma!!
 
re: Day trading Nifty & Banknifty Futures

I usually keep the stop loss just few points below 52 week high when I enter the 52 wk high breakout point, so just wanted to check others view
 

pratapvb

Well-Known Member
re: Day trading Nifty & Banknifty Futures

I usually keep the stop loss just few points below 52 week high when I enter the 52 wk high breakout point, so just wanted to check others view
ideally it should be below BO bar...but you will need to check with TF...like whether below 3min 15min or hourly bar which was the BO bar....keeping it right there at BO level is a problem because sometimes it retests that BO level before continuing....
 
re: Day trading Nifty & Banknifty Futures

ideally it should be below BO bar...but you will need to check with TF...like whether below 3min 15min or hourly bar which was the BO bar....keeping it right there at BO level is a problem because sometimes it retests that BO level before continuing....
BO bar?? Is it breakout bar? I trade on daily charts, as per daily time frame, 52 week high is 415. If it closes above 415 today, then my stop loss should be today's low price, right??
 

Similar threads