PFC (Power Finance), State Bank and PNB futures are suggesting a big move is coming in their prices. The direction of the move is unknown, it could be up or it could be down.
Time is also an unknown factor. The increase in volatility could take place tomorrow, or over the next few days.
Then, when will such a breakout take place? Soon, but this could mean a day or many days. What is the direction of the breakout ? It could be up or down.
Yet, the fact that a significant move could take place is useful, tradeable information.
I track such futures on intra day charts. I also set some trend parameters which help me to identify a new trend. When the chart suggests a new trend, I will take position based on the intra day move, which requires a tighter stop. Often, such trades work well.
There is risk of significant loss in futures trading.