Learning to catch High Probability Breakouts

[Buzzstop]

Lol. I also have texmopipes & allcargo logistics.

 

[indianbank]

Lol. I also have texmopipes & allcargo logistics.

let both reach new highs ... then i will also go long

texmopipe cmp 14 and i am bullish @ 20 level

allcargo i am bullish above 360

 

[amitrandive]

Jewelry Sector

Weekly Chart of P C Jewellers

Weekly Chart of Rajesh Exports

Amazing uptrend , stocks doubled in the year 2015.
A handsome winners in Jewellery Sector.

 

[nitingosavi]

I am having Saturday fun ! total clueless !
which one is your probability?

nifty weekly spot.

nifty daily spot with above trend lines...

Nifty daily spot another view..

 

[prst]

I am having Saturday fun ! total clueless !
which one is your probability?

nifty weekly spot.

nifty daily spot with above trend lines...

Nifty daily spot another view..

analysis paralysis

 

[jain.er]

Jewelry Sector

Weekly Chart of P C Jewellers

Weekly Chart of Rajesh Exports

Amazing uptrend , stocks doubled in the year 2015.
A handsome winners in Jewellery Sector.

How catch these winnners in infancy, its easy to analyse post the movement but we should get some way to capture these winners

 

[monkeybusiness]

How catch these winnners in infancy, its easy to analyse post the movement but we should get some way to capture these winners

Thats the "Holy Grail" :thumb:

 

[amitrandive]

How catch these winnners in infancy, its easy to analyse post the movement but we should get some way to capture these winners

Yes every such breakout stock can be caught.

The catch is , with hundreds of stocks breaking out how many can we trade at a time.Also how do we know that any stock breaking out is going the way as these stocks have.

The simplest way of catching such stocks is to keep a watchlist of "52 Week Highs".

Check the Weekly Chart of PCJewellers

The blue line is 52 Week high and the red line is 52 Week low.
No need to explain the picture says it all.

By the way on a Daily chart this stock has reached a 52 Week high of 127.9 on 23-05-2014,that time this stock should be on the watchlist.

So good investing is a matter of patience and discipline.

Daily Chart of PC Jewellers

Check the recent breakout of BPCL.Wonder with we all searching for the "Holy Grail",how many of us caught this breakout?
Don't mean any disrespect to anyone ,but isn't this a very simple strategy that works???

But we always believe that simple things don't work.

Daily Chart of BPCL

 

[VJAY]

Yes every such breakout stock can be caught.

The catch is , with hundreds of stocks breaking out how many can we trade at a time.Also how do we know that any stock breaking out is going the way as these stocks have.

The simplest way of catching such stocks is to keep a watchlist of "52 Week Highs".

Check the Weekly Chart of PCJewellers

The blue line is 52 Week high and the red line is 52 Week low.
No need to explain the picture says it all.

By the way on a Daily chart this stock has reached a 52 Week high of 127.9 on 23-05-2014,that time this stock should be on the watchlist.

So good investing is a matter of patience and discipline.

Daily Chart of PC Jewellers

Check the recent breakout of BPCL.Wonder with we all searching for the "Holy Grail",how many of us caught this breakout?
Don't mean any disrespect to anyone ,but isn't this a very simple strategy that works???

But we always believe that simple things don't work.

Daily Chart of BPCL

Grt amit bhai..:thumb::thumb:...yes simple things no one interested ....
CAn you please share that 52 week high/low afl ?

 

[amitrandive]

Grt amit bhai..:thumb::thumb:...yes simple things no one interested ....
CAn you please share that 52 week high/low afl ?

Vijaybhai

Posting the 52 Week High Low AFL

_SECTION_BEGIN("Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorDefault ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); 
_SECTION_END();
_SECTION_BEGIN("52-Wk-H-L");
Hclose=HHV(H,260);
Lclose= LLV(L,260);
Sha1 = EncodeColor(colorGreen) + "52-Week-High = " + Hclose + "\n";
Sha2 = EncodeColor(colorRed) + "52-Week-Low = " + Lclose + "\n";
_N(Title = StrFormat("{{NAME}} ({{INTERVAL}}), {{DATE}} ; {{OHLCX}}, V=%1.0f\n {{VALUES}}\n\n", V) + Sha1 + Sha2);
 
_SECTION_END();
 
HI = Close > Ref(HHV(High,260),-1);
LW = Close < Ref(LLV(Low,260),-1);
Plot(Hclose,"52 Week High",colorBlue,styledots);
Plot(Lclose,"52 Week Low",colorRed,styledots);
//52 Week High Low
High52 = HHV(High,260);
Low52 = LLV(Low,260);
Filter = 1;
 
AddColumn(High52,"52 Week High");
AddColumn(Low52,"52 Week Low");