Darvas Box Strategy - Break out Stock - Swing TradeDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock has given break out. Buy above high. Keep this stock in watch list.
Buy above the High and do not forget to keep stop loss, best suitable for swing trading.
Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:2
Stop loss can be Trail when it make new box / Swing.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
MAFANG trade ideas
Trendline based Trading.Sure. Trendline-based trading is a type of technical analysis that uses trendlines to identify the direction of the market. A trendline is a line that is drawn on a chart to connect two or more points of support or resistance. Trendlines can be used to identify uptrends, downtrends, and sideways markets.
In the image, you can see a trendline that has been drawn connecting two swing highs in the price chart. This trendline indicates that the market is in an uptrend. Traders who use trendline-based trading would look to buy the asset when the price breaks above the trendline and sell the asset when the price breaks below the trendline.
Trendline-based trading is a simple and effective way to identify the market's direction. However, it is important to remember that trendlines are not always accurate. The market can break through a trendline, which can lead to losses for traders.
Here are some of the benefits of using trendline-based trading:
* It is a simple and easy-to-understand strategy.
* It can be used to identify uptrends, downtrends, and sideways markets.
* It can be used to identify potential entry and exit points.
Here are some of the risks of using trendline-based trading:
* Trendlines are not always accurate.
* The market can break through a trendline, which can lead to losses.
* Trendline-based trading can be a lagging indicator, meaning that it may not identify the direction of the market until after the trend has already begun.
Overall, trendline-based trading is a simple and effective way to identify the direction of the market. However, it is essential to remember that trendlines are not always accurate and that the market can break through a trendline. Traders should use trendline-based trading with other technical analysis tools to minimize their risk.