Learning to catch High Probability Breakouts

[indianbank]

CAPLIPOINT

Weekly Chart of CAPLIPOINT

Caplipoint has broken out from Rs 200 in July 2014 to close at Rs 1,294.30 today.
Just saw this stock today,as it closed @ +20% today.The liquidity seems low on a daily time frame.

Thanks for sharing... i will surely bet on this...:thumb:

 

[anilnegi]

Amit ji

some more candidate for breakout or trap???????, your views pls, how u play them?

 

[minna25]

already price reached high , post some bottom picking charts

 

[amitrandive]

Thanks for sharing... i will surely bet on this...:thumb:

Be careful, this is for educational purpose only,not a buy recommendation

 

[amitrandive]

Couple of questions
1. Does weekly breakouts are more powerful and reliable
2. Do we have any tools to get a list of stocks ordered by their yearly returns.

Weekly breakouts are powerful visual tool,they provide better support/resistance levels.

Lot of such websites providing this information

http://profit.ndtv.com/market/stocks-gainers/nifty_yearly

 

[preethi21]

good thread .

 

[amitrandive]

Amit ji

some more candidate for breakout or trap???????, your views pls, how u play them?

Anilji

I would approach all these with caution,they have had huge runups and maybe will consolidate now.

Most of the times these stocks are recommended by brokers/websites after they have their huge runup and they are in the distribution phase.The general public has a feeling that the same run up will be repeated again.

Check the Daily charts to see , if the Higher high ,higher low structure continues or is changed.

If you see the complete Weekly chart of OnMobile, it had come down from Rs 300 + to Rs 40.Also it was in a band below Rs 40 from 2012 to 2014.Most investors are stuck in this stock because they feel the stock will reach the targets of 300+.

New investors may jump in after the run up expecting targets of 300+.

It may also reach ,but then why to wait for so long???.We are not sure about the timeframe for the stocks reaching their targets anytime.
Strict stop losses are the only safety net for these kinds of stocks.



Weekly chart of Onmobile

A good article for Stock picking

http://www.investopedia.com/university/fiveminute/fiveminute5.asp

If these are recommended to you by any broker,stay cautious.If you yourself have picked them up,keep them on your watchlist to study further price action.

 

[amitrandive]

Stocks hitting 52 Week high today

 

[amitrandive]

TataMotors

Monthly Chart of TataMotors

A strong uptrending stock since 2009,retracing sharply and reaching the 38.2% fib level.Need to see whether it holds or breaks down.
TataMotors hitting 52 Week low today.

 

[amitrandive]

Stocks nearing 52 Week Highs

Stocks nearing 52 Week Lows