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Momentum Trading: How to trade Multiple Top Breakouts

Nooresh Merani | 18 Nov, 2014  | Follow Author | Add to my Favourites 
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One of the classical trading patterns is to look for multiple tops and a breakout with volumes. In this post we take a couple of examples and possible breakouts.

Zicom Electronic Systems  – Triangle breakout


Now its time to book half or partial at 1st target of 150 and keep a trailing stoploss and ride.

The stock had just crossed the resistance of 125 with strong volumes.


The chart after todays closing

The stock was also recommended in a show on CNBC a few days back

Do note –
Not all trades go right like above and quite a lot hit stoplosses but trading is not about being right but about risk management and trading low risk high reward setups.

For example look at this chart of Reliance Capital which took our stoploss and is now back above 500. Whipsaws are part of a traders work.

About Nooresh Merani
Nooresh is an ace Technical Analyst and is proficient in picking winners from the mid-and small-cap segments. He is the Founder Director of Analyse India (, a firm which has trained more than 800 individuals across India.

For more information please write in to [email protected]

Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.

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