Breakout Service
Breakout trading is one of the most popular trading methods used by traders.
What is Breakout?
Short term breakout trading is generally a chart-based strategy. Stocks generally struggle below the resistance line- and it can be anything - Horizontal Resistance Line, a Moving Average; and Price congestion in a small band. Then because of certain circumstances - Corporate action, fund buying, insider buying or news flow - the stocks breakout above resistance on above average volumes leading to breakout. Traders jump on to the bandwagon and stocks do surprise on the upside.
How traders trade it?
A breakout trader enters a long position after the stock price breaks above resistance. 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 and large price swings.
This sounds like a great way to trade. But just how do I find breakouts?
Do you need this list on a daily basis…then subscribe to Breakout List
How to Subscribe ?
Momentum Screen subscription is for two months. The subscription amount is Rs. 2000. There are two payment options -
- Direct Bank Deposit [ICICI Bank A/c no. 040101000634, Bangalore] in favor of Deepak Singh
- Pay by PayPal/ Credit Card - Click on Subscribe below
Disclaimer - The trading service is an educational advisory service. It is offered purely for educational purpose. Trading in stocks is a risky venture. The service provider does not accept any liability for using the service. The service provider may have positions in any of the stocks mentioned in this column.
