Learning to catch High Probability Breakouts

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indianbank

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#2,722
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amitrandive said:
Please advise if you take position around EOD , the next day on level break or during the same day on level break.
Click to expand...
normally I take position before 10 am..
about price ... after breakout any price is OK for me.. I always buy @ market price when price is at peak...

(trader should know what he's doing and he should know his risks and more over he should be fearless and free from greed..)
 
amitrandive

amitrandive

Well-Known Member
#2,724
#2,724
amitrandive said:
Weekly Chart of Mangalam Drugs



I am always skeptical of stocks which rise parabolic in nature.
Mangalam drugs is one of them.

PS:These are my personal views , this should not be taken as an equity advice.
Click to expand...
Stock hitting 52 Week high today.
Only buyers since Nov 18.

Check the investment watch window.

http://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/mangalamdrugsorganics/MDO

Daily Chart of Mangalam Drugs



Lack of liquidity , looks like heading for a buying climax

http://www.investopedia.com/terms/c/climax.asp



PS:These are my personal views.Please do your own analysis before trading.
 
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