If you want to see a picture perfect breakout: Look at the Chart of Ultratech Cement.
I covered the Breakout in Ultratech Cement as and when it happened. Here's the Chart I shared on April 2 2014.
Breakouts are investment plays. It means when stocks break out, one should add to ride the gains. That's precisely what happened. Ultratech Cement broke out above 2050, pulled back to 2050 and then rallied again to 2800 i.e. rally of 36% from breakout point.
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers