If u are looking to enter a scrip just before the breakout
what would u look for?
How would u identify scrips just before breakout?
Here are a few pointers
Carefully understand the them and use at ur own discretion
(All comments r compiled from a question i posed)
1/23
Price is testing the same resistance repeatedly since long.
But now in recent times it's forming multiple candles near the same resistance with low volume.
Observe it and see for opposite move.
As soon as u get a positive candle, get in to it.
2/23
1. Volume buildup (vol > when resistance point created) along with, increase in OI, increase in delivery % on HTF
2. On LTF, price stalling around breakout area for at least 1-2hr.
3. No major events.
3/23
Stock reaching breakout LVL with HL-HH
Contraction of price and volume near it especially near 20 days ma.
If there is any breach of the latest HL it should be followed by a bullish candle with good volume.
Left side of the chart has a rally with a very steep slope of ma.
4/23
Number of wide range green bars with high volumes.
If stock is at its ATH then it adds more conviction bcz there wont b supply after that point
Consolidation below the resistance, volume of the candles & strong bullish candle closing at near highs just below the resistance
5/23