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Which is a perfect breakout?

Posted By On 12/06/2009 05:58:00 PM Under


A perfect breakout is one which fulfills following 3 criterion namely:
(a) It shows a Price-Volume Breakout above well defined resistance line and for hat same should be market well in advance and lnger the time frame the better it is for tha analysis.
(b) One will see the share price to Pullback to retest resistance as support
(c) Again buying pressure emerges and one can see the follow through buying action.
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