1. A number of times the stock is range bound and one fine day it breaks from the resistance level on the upper side which is called as a breakout.
2. One should guard against false breakout as generally false breakouts fizzle out in half an hour time. So before testing water let the stock trade above resistance for half an hour and than plunge for the stock to make gain as atleast false breakout is ruled out.
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2. One should guard against false breakout as generally false breakouts fizzle out in half an hour time. So before testing water let the stock trade above resistance for half an hour and than plunge for the stock to make gain as atleast false breakout is ruled out.
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