Learning to catch High Probability Breakouts

[amitrandive]

That "Accumulation" and "Distribution" is hindsight. Nearly impossible to predict which way the range will break while the market is rangebound.

100% agree, that is why expert traders advise not to trade sideways markets.

 

[amitrandive]

 

[Sunnyraj]

Marksans pharma was trading in a big range since SEP 14 , and managed to close above major resistance. Let's see where it can go.

This time breakout is with huge volumes...Also locked in upper circuit:clap:

 

[amitrandive]

Spot Nifty

Daily Chart of Spot Nifty

Weekly Trendlines/Support/Resistance=Blue Colour
Daily Trendlines/Support/Resistance=Yellow Colour

Spot BankNifty

Daily Chart of Spot BankNifty

Both Nifty and Bank Nifty recovering from the earlier slump and closing on a good positive note.

 

[amitrandive]

5 min Charts of NF and BNF ,adjusting the trendlines in intraday as the price action develops.

Nifty Futures 5 min Chart

BankNifty Futures 5 min Chart

 

[indianbank]

Marksans pharma is a clear bull...

2013--2014 i had marksans pharma in my portfolio ... i purchased it @ 23 rs and sold it around 55 level.... i was not willing to sell it but my goal achieved so i sold it....

Now again its a clear bull for positional trading...
This year also i will give a chance for marksans pharma...

 

[amitrandive]

If u know what your doing them any time/price u can buy any stock...
I buy when stocks are at peak value:thumb: but from that peak it will shoot to another highs:thumb:

Dont involve more in charts... Charts are just history... for learning u can use charts but in real trading historical charts wont work ... Time to time mechanics of market changes... :thumb:

Can you please share your method of trading/investing ?

Eagerly awaiting to learn your system/style of trading.As you have said that you do not use charts.

 

[indianbank]

Eagerly awaiting to learn your system/style of trading.As you have said that you do not use charts.

My trading style? first thing is i am not a fan of technical analysis..

I am also a Breakout trader .... I buy stocks and hold for long time....

I always dilute my capital to 40-50 stocks.. to prevent stock based market risk..

Before entering in any business each person will be having some profit target.. my aim is 25-30% profit yoy of capital....

And luck is also a major part of my trading style...:thumb:
( i hate colored charts/ i hate drawing lines on charts/ i use some charting websites for my educational purpose/ my favorite chart type is Area based charts)

 

[Rish]

My trading style? first thing is i am not a fan of technical analysis..

I am also a Breakout trader .... I buy stocks and hold for long time....

I always dilute my capital to 40-50 stocks.. to prevent stock based market risk..

Before entering in any business each person will be having some profit target.. my aim is 25-30% profit yoy of capital....

And luck is also a major part of my trading style...:thumb:
( i hate colored charts/ i hate drawing lines on charts/ i use some charting websites for my educational purpose/ my favorite chart type is Area based charts)

:thumb::thumb::thumb::thumb:

 

[nitingosavi]

INFY. daily cash.

A big fall is probably awaiting. probable HNS if successful break happens. I dont know if its a proper HNS. major sup near 958 which looks like a neckline.
yesterdays low is minor sup at 979/78