Which book u mentioned here. Book by the Bollinger himself?
There are quite a few resources describes it better. Just go through the following link
https://t.co/slmKEjT6g6

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

Momentum always fade before it reverses. No abrupt reversal in it.
U can see in the pic below, it always passess through a choppy zone, before trend reversal to give a clear momentum.

With a huge gap up and no follow through today, price is still not bearish
means no short now

it has alreready made a new all time highest close. It provided low cheat entry twice already in last 2 weeks.
A good breakout to new high is possible here

#tataelxsi

These are the books i talked about

1
https://t.co/fST4GxCrE2
2
https://t.co/8tTeRlJFHh
3
https://t.co/mmSbaqjBcG
4
https://t.co/6olb6LYh89
5
https://t.co/yEWYDoCM4e
6
https://t.co/OfuAZ98jKT

I highly recommend you read my book

Definitive Guide to Advanced Options Trading: A quantitative and no-nonsense approach to Option Selling for Income Generation

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Small investment in knowledge can shorten the learning curve.
#TradingBook

My top 6 #trading #books:

1 How to make money in stocks (O'Neil)
2 How to trade in stocks (Livermore)
3 Trading in the Zone (Douglas)
4 Trade Like a Stock Market Wizard (Minervini)
5 Reminiscences of a Stock Operator (Lefèvre)
6 How I Made $2 Million In The Stock Market (Darvas)

The four stages of a Trend as per Stan Weinstein.

Good Investment Books summaries by us,

Psychology of money,
https://t.co/R09FIfmMxL

Zebra in a lion country,
https://t.co/56AfJjY8dP

Quality Investing,
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The Most Important Thing,
https://t.co/kg49bAWQQD

Capital

In candlestick patterns, two aspects are of extreme importance:
• Prior Trend: Be it a continuation/ reversal formation, the establishment of prior trend is the first part - what exactly is the candlestick pattern going to continue or potentially reverse. Is that established?

• Internal proportion of the Candles of the pattern: A Hammer’s Body:Wick ratio or 3rd Candle in a Morning Star’s dig into the first one or Piercing’s % penetration into the precious one. These internal proportions lay the foundation of probability of success of the pattern.

Reading Reference: Candlestick Charting Explained - Gregory Morris.