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Breakout Stocks for Tomorrow 16 August 2023

Please do keep in mind these pointers before trading in intraday.

1) Do not trade huge Gap up/ Gap down stocks as there are chances of a consolidation phase or a price retracing to cover the gap and you cannot gain profits in intraday

2) Do not trade if the first 15 min candle has given a huge momentum as there are chances of price going into consolidation and you cannot gain profits in intraday

3) If there is a rejection in the breakout candle avoid taking an entry in such stocks as there are chances of a Fake Breakout in that Stocks

4) Stoploss can be at the low of the breakout candle or at the low of the previous candle of the breakout candle.

5) Targets can be 1:2 or Open, if you keep an open target, please do trail the Stoploss once it reaches to a certain amount you would like to withdraw ideally 1:1 or 1:2.

Disclosure: I am not SEBI registered. The information provided here is for education purposes only. I will not be responsible for any of your profit/loss with this channel suggestions. Consult your financial advisor before taking any decisions.