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Trade based on Breakout


Step 1 : Select any stock from active by volume.

Step 2 : Find previous day low and high value.

Step 3 : Find currentday low and high at any point of time.

Step 4 : Two fractions (0.45 and 0.75).

Step 5 : Find the range of previous day((high - low) of previous day)

Step 6 : Multiply the range of previous day with those two fractions as breakout 1 and breakout 2.

Step 7 : Now find current day range(high - low).

Step 8 : If current day range (high - low) below that breakout 1 then consider

Upside Breakout = Today low + breakout 1.

Downside Breakout = Today high – breakout 1.

Step 9 : If current day range (high - low) between breakout 1 and breakout 2 then consider

Upside Breakout = Today low + breakout 2.

Downside Breakout = Today high – breakout 2.

Step 10 : If current day range(high - low) cross breakout 2 value avoid that stock selection for trading.


Trade based on Breakout

Example i have selected TECHM Stock


I have selected previous day high and low value from stock history value.

High = 655.00

Low = 635.50

Range =(655.00 - 635.50)

Previous Day Range =20.50 (655.00 - 635.50)

Breakout 1 = 20.50 *0.45 = 9.225

Breakout 2 = 20.50 *0.75 = 15.375

Today 10 O'clock high and low

Trade based on Breakout

Example i have selected TECHM Stock


Today 10 O'clock high and low

High = 651.50

Low = 648.65

Range =(651.50 - 648.65)

Current Day Range =2.85 (651.00 - 648.65)

Now Current Day Range < Breakout 1 (will use above brakkout rule)

Upside Breakout = Today low + breakout 1.

Downside Breakout = Today high – breakout 1.