My simple Approach towards Breakout trading :
1. Scan stocks on the basis of FTDB Scanner.
2. Buy stocks with EMA-9> EMA-21> EMA-63 > EMA 200 & Volume 200% up
3. maximum SL of 1.25X ( ATR )
4. I do breakout trading only in Nifty -500 stocks
#StockMarket
#trading
#Nifty
More from Learning @ Prakash
Limited take on Nifty :
~ Dollar Index closed above 93 , which is not good for EMs
~ For further weakness you have close below EMA-9
~ Their is 30 % probability you will test EMA-21 before 6th Oct
~ 2 big macro triggers , Crude & Dollar Index
~ Review daily , no fix view
~ Dollar Index closed above 93 , which is not good for EMs
~ For further weakness you have close below EMA-9
~ Their is 30 % probability you will test EMA-21 before 6th Oct
~ 2 big macro triggers , Crude & Dollar Index
~ Review daily , no fix view
Means Monday gap down ?
— Nirav S. Karia (@caniravkaria) September 18, 2021