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How to make profit out of failed breakouts

Introduction

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 a trade as soon as price breaks out from a pattern.

So Failed breakouts can lead to significant losses and can be very frustrating.

Objective

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

What You Will Learn

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

Prerequisites

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

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  

StockEdge Club Offering

This Webinar is one of the StockEdge Club Offerings. StockEdge Club members can book this webinar for FREE from StockEdge Club panel. To know about the StockEdgeClub Offering click on www.stockedge.com/Plans/stockedgeclub or call +91 9830994463

How to Participate?

  • Step 1 : Click on 'Register & reserve your spot today!' 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 : Check system requirements and do necessary configuration of your headphone/speaker and system volume.

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Upcoming Webinars

Chetan Panchamia (B.COM, Diploma in Capital Markets)

20 July   15:00   2 hours   500/- +18% GST

Nooresh Merani Technical Analyst, Blogger, Educator

28 July   15:00   2 hours   500/- +18% GST