Sure, but look at the volume spike... Consolidation before breakout and less volume before breakout is a good sign.. there is also a prior uptrend before consolidation.. Also look for any candlestick patterns if they are formed.. If there's a breakdown short the trade, and if the...
Nope brother, you know I can relate this as I too was a beginner once, I traded with 700Rs and my first profit was of 4Rs in Intraday maybe :), Now I use a capital of 30K for trades