ilmscore | Prediction Details
"Then after this, the next method is that it is based on breakouts and breakdowns. Breakout in the market means, for example, there is a stock which is usually always moving between 80 and 100, okay, 80, 90, 85, then again 95. Then it never broke 90, then 85, then 100, 100, 100, 100, and today finally it broke 100 for the first time in a month, a year, or a week. This is what we call a breakout. Whenever there is a breakout, people have this fear of missing out that this stock is running high, let's invest, and as people keep investing, the stock keeps running higher, so this is called a breakout. If a stock gives a breakout in the upward direction, that is, if its price keeps rising, then it is called a breakout. And if, as I said, it was moving between 80 and 100, it was not going below 80. Today, if it breaks below 80, then it is called a breakdown. So, you can also select stocks on the basis of breakouts and breakdowns."
By Trade with Purab | September 19, 2024 | Pending
From video
Intraday Trading Full Course - FREE | L-01 - Trade With Purab 00:25:33 - 00:26:34
Interpreted Prediction
Stocks can be selected based on breakouts (price moving above a resistance level) and breakdowns (price moving below a support level). Breakouts often trigger further price increases due to FOMO (fear of missing out).

Prediction Details

Topic
Stock Selection Method: Breakouts and Breakdowns

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