Breakout Trading System

Breakout Trading System/Breakout Trading Strategy What Is a Breakout? A breakout is a stock price that moves outside a defined support or resistance level with increased volume. A breakout trader enters a long position after the stock price breaks above resistance or enters a short position after the stock breaks below support. Once the stock … Read more

Technical Views:HDFC and Hero Honda

HDFC HDFC is moving in a trendline channel as shown in above chart. Buying should be done only a sustained move above 720. ON Daily Charts RSI and Stochastic are in overbought zone.     Stock will enter into uncharted terrotiry after a move above 720 Buy above 720 TGt 728,735 SL 715 Sell below … Read more