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Open in appBreakout trading tries to catch large moves after a stock has been in a range, but many breakouts fail. This lesson explains how to tell a sustainable breakout from a flash in the pan.
It covers what a price percentile is, how open interest percentile shows participation, and why moves backed by rising open interest are more likely to hold. Using Quantsapp's Price OI Percentile tool, it discusses thresholds, entry and exit zones, and an option strategy for the setup.
What you’ll learn
✓Why breakouts fail and how to filter them
✓Price percentile and OI percentile explained
✓Price and OI correlation as a sign of participation
✓Entry and exit zones and an option strategy for the setup
Read and practise
SPEAKERBhavin DesaiPresident, Quantsapp
Experienced professional in the Equity Derivatives Research, Trading Portfolio Management, Business Relationship Management, Options with 16+years of rich experience
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