Within 3% of the 52-week high
Within 3% of the yearly high and above the 50-day EMA. Plenty of traders prefer this to the breakout candle itself.
Buy the breakout candle and you pay for the gap and wear the failures. This finds the same names a few days earlier, still consolidating under the level. The 50-day average is a check that the trend underneath them is intact. Read the guide: The 52-week high strategy on the NSE → Read the guide: A swing trading screener for India →
More breakouts:52-week high breakoutVolume breakoutVolume shockers20-day channel breakoutBollinger band breakout
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