Breakout is one of the most popular trading strategy used by traders. There is a very simple reason why it's popular: Because it works and when it works...it delivers crazy returns in a very short period of time. Here's a simple chart that will tell you why and how it works.
Tata Global broke out with a large Candle in August 2017. I covered it back then -
I even mentioned it on Twitter:
One stock I am super Bullish for next 12 months; Tata Global
— Deepak Singh (@smarket) October 17, 2017
Here's where Tata Global stock is trading as of now:
Tata Global stock is already up 50% from the point it broke out and gave the opportunity.
Do you like this case study - Here's some more
Science of Stock Price Action
I have made a Science of Stock Price Action Video Book to explain these complex concepts in simple to understand format so that you can understand what factors move the market. To make the learning experiential, I then apply these concepts in real life, so that it can help you understand the concept better
Do these concepts work all the time? Absolutely not. But when they work - they reward in a big big way. There are many factors at play primarily the overall market environment. The objective of my website is to put forward many Live case studies before you so that you can learn how these patterns work and why sometimes they fail too. The whole idea is to illustrate and make you understand the whole logic behind it.
If you find my work interesting - I will encourage you to buy the book and access Premium Case Studies. The idea is to demonstrate live how patterns unfold and work. They succeed, they fail but the whole process is real fun. I invite you to be part of it.
Price Action is one of the best ways to make good investment decisions. That's what I teach all the time.
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