#BLUESTARCO trading above Resistance of 1070 Next Resistance is at 1218 Support is at 831
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Hi Mandeep Sir, Hope all is well. Sir I am big fan of your Analysis, from your experience just wanted to know once you give the breakout stocks, is it ok to get into stocks (if missed) either on first or second move ?
Also wanted to know how you find these breakout stocks, do you run any scanner or do it individually?
Your valuable inputs would be great help.
MandeepSinghKohli
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@RaviBhandari, Hi Ravi Ji, thanks for your kind words. Generally best risk reward is at the time of breakout but even after first or second resistance a stock is giving good risk/reward then one can enter. It all depends on stock to stock and once risk taking capability. I basically study charts all day so don't use scanner but for beginners it is good choice. Thanks.
Sir I am big fan of your Analysis, from your experience just wanted to know once you give the breakout stocks, is it ok to get into stocks (if missed) either on first or second move ?
Also wanted to know how you find these breakout stocks, do you run any scanner or do it individually?
Your valuable inputs would be great help.