Learning to catch High Probability Breakouts

[Sunnyraj]

Patience and discipline are the keys to successful stock investing.If properly selected and held just see what wonderful returns can a stock give.

Current CMP of AdityaBirla Nuvo is 1948,

This is not a buy recommendation,only to illustrate that good stocks can be caught anytime with prudent analysis.

This post was made a year back on 29th March 2014

Weekly Chart of AdityaBirla Nuvo

Great! :clap:

 

[indianbank]

BSE STOCK: CUPID RUBBERS ( manufacturers and suppliers of condoms)..

someone post the chart... looks supperb

 

[amitrandive]

Amitji,

Cummins Ind, in weekly chart, it has closed above it's recent range of 834-936, but it's volume is gradually decreasing.
Also the last candle is a shooting star. Is this a false breakout?
your views pls.

Regards,

Daily Chart of CumminsInd

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

Yes, the volumes are gradually decreasing.It has recently broken out of the weekly resistance zone.Consolidating from a long time(from Oct 2014).

It should take support at this zone for it to go further accompanied by strong volumes.

 

[amitrandive]

BSE STOCK: CUPID RUBBERS ( manufacturers and suppliers of condoms)..

someone post the chart... looks supperb

Daily Chart of Cupid

Though this looks to be a good breakout stock, I would be rather cautious in it.
The yellow rectangles are the areas where there has been very little trading.

We don't want to be in a position where we enter and the stock keeps hitting circuits due to lack of buyers/sellers.

 

[amitrandive]

 

[amitrandive]

Daily Chart of CumminsInd

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

Yes, the volumes are gradually decreasing.It has recently broken out of the weekly resistance zone.Consolidating from a long time(from Oct 2014).

It should take support at this zone for it to go further accompanied by strong volumes.

 

[indianbank]

Stock: Kokuyo Camlin

We all know Camlin... most of the children love their color pencils

I want to be part of its journey... for me no second thought... i love it

 

[anilnegi]

Amitji

In your posted chart stock have gone above 20 DMA on previous 3 occasion as well, so i think strategy is not that alone there are more trigger we have to see.

 

[amitrandive]

Amitji

In your posted chart stock have gone above 20 DMA on previous 3 occasion as well, so i think strategy is not that alone there are more trigger we have to see.

AnilJi

I have marked 3 different reasons.

Above 20 EMA,Rising volumes after fall and price forming a Higher low.

Higher low price pattern is very important at least in this case where the stock was in a downtrend earlier.
Also if you see the stock is almost near a double bottom pattern.

 

[amitrandive]