Learning to catch High Probability Breakouts

[calic]

.because Nifty has to break final breakout....




Kindly elaborate a little more.For me it is already out of Zone

 

[amitrandive]

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@ Rish

Many Scrips like Abirlanuvo-I shows the Futures price below the Spot price , is that a point to book profits?

Rish

Please advise on this .

 

[amitrandive]

.because Nifty has to break final breakout....

Kindly elaborate a little more.For me it is already out of Zone

Calic

All high beta stocks generally follow the dominant Index.In this case the dominant Index is CNX Nifty.If Nifty is facing resistance , then all the high beta stocks of that index will face some resistance.

If Nifty breaks out of that resistance zone,all other stocks may follow.

 

[amitrandive]

Ultratech Cement - No Long..........

ICICI, Kotak Mahindra Bank, Bank of Baroda all are in long - But, i will not initiate fresh long here.......because Nifty has to break final breakout....

Better keep quit and avoid long here...

Rish

Though in hindsight , I am trying to understand where these scrips broke out .I am posting my observations on Spot stock prices.Please advise when you get time.

Bank Of Baroda : Breakout on 4th March EOD Price 576.55.Closed Above 20 EMA.
Icici Bank : Breakout on 4th March EOD Price 1069.1.Closed Above 20 EMA.
Kotak Bank : Breakout on 6th March EOD Price 687.35.Closed Above 20 MA.
UltraTech : Breakout on 21st February EOD Price 1800.Closed Above 20 MA

 

[Rish]

Rish

Though in hindsight , I am trying to understand where these scrips broke out .I am posting my observations on Spot stock prices.Please advise when you get time.

Bank Of Baroda : Breakout on 4th March EOD Price 576.55.Closed Above 20 EMA.
Icici Bank : Breakout on 4th March EOD Price 1069.1.Closed Above 20 EMA.
Kotak Bank : Breakout on 6th March EOD Price 687.35.Closed Above 20 MA.
UltraTech : Breakout on 21st February EOD Price 1800.Closed Above 20 MA

Bank of Baroda and Ultratech - Your breakout levels dates are perfect.
ICICI and Kotak Bank - Initial Breakout on 3rd March 2014.

As mentioned........now any breakout, depends only on Nifty..

Nifty 6630 level to be watched carefully..

Take care....

 

[amitrandive]

Some good Chart patterns.

 

[amitrandive]

Bank of Baroda and Ultratech - Your breakout levels dates are perfect.
ICICI and Kotak Bank - Initial Breakout on 3rd March 2014.

As mentioned........now any breakout, depends only on Nifty..

Nifty 6630 level to be watched carefully..

Take care....

Rish

Nifty level which you have indicated is a 100 points away.Any significance of this level?

 

[amitrandive]

 

[amitrandive]

 

[amitrandive]

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Zeel-1 exit as Trailing stop hit.