590

*incl. of Taxes

How to make profit out of failed breakouts

  • difficulty level Intermediate
  • English
  • 508 Learners
  • Date: Aug 3, 2019
  • Time: 03:00 PM
  • Duration: 2 hours

Introduction

A failed breakout happens when the price moves through a support or resistance level but then fails to continue in that direction and reverses course. A Failed Breakout can be defined as a ‘deception’ by the market; a test of a level that results in a break of that level but the market then retracts and does not sustain itself above that level
 
 Breakouts commonly occur at designated resistance and support trend lines. A Failed breakout occurs when a price moves through an identified level of support or resistance but does not have enough momentum to maintain its direction. This is the worst-case scenario for a breakout trader who enters in the trade as soon as the price breaks out from a pattern.
 
 So Failed breakouts can lead to significant losses and can be very frustrating.

Objective

  •  To discuss the validity of chart patterns 
  • To discuss the difference between a Failed Breakout & Re-test of a Breakout
  • To learn about 5 checkpoints that a trader can go through before trading every breakout
Ankit Chaudhary

Speaker

Ankit Chaudhary

Trader

Mr. Ankit Chaudhary - Who is a trader by profession  has more than 13 years of stock market experience and is also a certified NCMP – Level 5 (NSE certified Market Professional).  

Ankit is an Electronics engineer by qualification. He was also associated with FLAME (Financial Literacy Agenda for Mass Empowerment), an initiative by India Infoline Ltd. to spread financial literacy across India. His strength is in finding Breakout trades & turnaround points in various stocks. He amalgamates Technical Analysis with Derivative studies with the help of basic Technical tools that have produced decent returns for him for past many years  

What You Will Learn?

  • Why Breakouts Fail?
  • How to spot a Failed Breakout?
  • How to trade a Failed Breakout to your advantage?  

Materials to be shared with participants

None

Prerequisites

Anyone who aspires to trade seriously or anyone who is already doing it for some time. 

How to Participate

  • Step 1 : Click on ‘Book Your Seat !‘ button and book your seat for the webinar.

  • Step 2 : You will receive an email containing a link to join the webinar.

  • Step 3 : Click on the same link to join 15 minutes before the start of the webinar.

  • Step 4 : Checksystem requirements and do necessary configuration of your headphone/speaker and system volume.

How to make profit out of failed breakouts

590

*incl. of Taxes

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