Learning to catch High Probability Breakouts

[amitrandive]

WatchList

Short

HINDUNILVR-I

 

[amitrandive]

Some Recent Breakouts

Wonder if we could have caught them in time???

JINDALSTEL

UNIPHOS-1

 

[amitrandive]

Latest Position

Trail stop on Relcapital-I hit , so position exit on EOD price of 30/4/2014.

 

[amitrandive]

Some Learnings

Exit of Relcapital-I.

 

[amitrandive]

Latest Position

Lupin-I exit on 8/5/2014 as it broke the 20 EMA on the downside.
Abirlanuvo-I exit on 8/5/2014 as it broke 20 EMA on the downside.
Cipla-I exit on 5/5/2014 as it broke 20 EMA on the downside.

 

[amitrandive]

Some Learnings

Lupin-I

Cipla-I

Abirlanuvo-I

 

[amitrandive]

Dark Cloud Cover Candlestick Pattern

 

[amitrandive]

Daily Chart of Nifty-1

Would preferably like to exit all positions and stay out of the market till the election results are out.

Nifty charts attached,shows bullish breakout possible beyond 6900 and bearish breakout below 6500.

It seems wiser to wait and watch to avoid high volatality.

The Markets will always give fresh opportunities for Wealth Creation.
:thumb:

 

[a1b1trader]

Daily Chart of Nifty-1

Would preferably like to exit all positions and stay out of the market till the election results are out.

Nifty charts attached,shows bullish breakout possible beyond 6900 and bearish breakout below 6500.

It seems wiser to wait and watch to avoid high volatality.

The Markets will always give fresh opportunities for Wealth Creation.
:thumb:

Hi Amit

Why you want to remain out of market, when you know bullish breakout is possible beyond 6900 and bearish breakout below 6500.

BTW
Can you state, as per your calculation
How much above 6900 and
How much below 6500
is possible

Thanks

 

[amitrandive]

Hi Amit

Why you want to remain out of market, when you know bullish breakout is possible beyond 6900 and bearish breakout below 6500.

BTW
Can you state, as per your calculation
How much above 6900 and
How much below 6500
is possible
Thanks

a1b1trader

I would like to keep it simple.Stay out due to high volatility.
Sudden spurt in market on 9/5/2014 may have been due to short covering.

Short term targets I expect is around 7300/7500 on the up side and 6100/5800 on the down side.But again these are calculated levels.Preferably would like to enter only when there is a clear breakout/trend.