SUMICHEM bullish; above 547 ? - Wednesday 31-July.

31 thg 7

SUMICHEM: Headed higher if 2 Year long resistance is broken on good volumes.

The above information does not constitute investment/trading recommendation and it is purely for educational purpose....

INTRADAY Trading Strategy in 3 stages of breakouts:

1) Impulse upmove stage: The strong upmove (nearly upto 1.5% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also

2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade, to book high profits in the final "Breakout continuation" stage

3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.(another 2-3%)

Both Safe Traders/High Risk Traders book profits at this stage

SWING Trading Strategy:

Position is kept open, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)


The above information do not constitute, financial, investment, trading, or other types of advice or recommendation. It is purely for educational purpose....