Learning to catch High Probability Breakouts

[amitrandive]

Spot Nifty

Daily Chart of Spot Nifty

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

Spot Bank Nifty

Daily Chart of Spot Bank Nifty

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

Nifty and Bank Nifty showing interesting trends.Nifty resisting upper resistance level and Bank Nifty taking support at lower support level.

Spot Nifty

Daily Chart of Spot Nifty

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

Spot Bank Nifty

Daily Chart of Spot Bank Nifty

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

As expected , Nifty and Bank Nifty both did not clear resistances today and fell sharply

 

[amitrandive]

Sunpharma

Daily Chart of Sunpharma

Sunpharma daily chart showing huge gaps , dangerous for investors who are loosing a lot of money.

Today gaping down and closing @ -15% (-143)

 

[indianbank]

July 21 52 week Breakout
------------------------

Inox looks good.... give a try...

 

[newuser_RK]

Should we break for a pullback post breakout or just blind buy...

 

[indianbank]

Should we break for a pullback post breakout or just blind buy...

for me All are same.... which one suits for you ...you can...

This breakouts are educational purpose... these are high risk trades ... Dont attempt without knowing the risk side

 

[jagankris]

July 21 52 week Breakout
------------------------
Inox looks good.... give a try...

Should we break for a pullback post breakout or just blind buy...

for me All are same.... which one suits for you ...you can...

Dear Indian Bank,

http://www.moneycontrol.com/news/re...leisure-targetrs-240-icicidirect_1995221.html
http://www.moneycontrol.com/mccode/news/article/article_pdf.php?autono=1995221&num=0

TA breakout around 180 happened already.
Results were out.
Targets met.
Stock is declining ?

What looks nice in the Inox chart ?
It is violation of forum rules to give buy/sell recommendations.
What is the educational purpose in posting this chart ?

for me All are same.... which one suits for you ...you can...

Your style could be suitable for You.
In your own words.
For you are comfortable in buying stocks and doesn't believe in Technical Analysis/value investing/believes buying stock at high prices.
And maintain a portfolio of stocks(40 - 50 stocks) diversifying risks.
And portfolio size is 1.5 lakhs.
Hit rate is just 1 out 6/7 stocks turns out to be a multibagger and which takes care of the losses others make.
Your holding period could be different.

So request to be careful while posting charts giving technical/Fundamental reasons which should be educational in purpose for the readers.

Wrong posts at the wrong time could be misguiding the readers.

 

[indianbank]

TA breakout around 180 happened already.
Results were out.
Targets met.
Stock is declining ?

What looks nice in the Inox chart ?

Jagan sir,
I was just posting 52 week breakout... This can/ cant be a high probability breakout....

Friends This breakouts are only for educational purpose.... Dont take real trades without knowing the risk side

 

[amitrandive]

Should we break for a pullback post breakout or just blind buy...

for me All are same.... which one suits for you ...you can...

This breakouts are educational purpose... these are high risk trades ... Dont attempt without knowing the risk side

Jagan sir,
I was just posting 52 week breakout... This can/ cant be a high probability breakout....

Friends This breakouts are only for educational purpose.... Dont take real trades without knowing the risk side

Dear Indian Bank,

http://www.moneycontrol.com/news/re...leisure-targetrs-240-icicidirect_1995221.html
http://www.moneycontrol.com/mccode/news/article/article_pdf.php?autono=1995221&num=0

TA breakout around 180 happened already.
Results were out.
Targets met.
Stock is declining ?

What looks nice in the Inox chart ?
It is violation of forum rules to give buy/sell recommendations.
What is the educational purpose in posting this chart ?



Your style could be suitable for You.
In your own words.
For you are comfortable in buying stocks and doesn't believe in Technical Analysis/value investing/believes buying stock at high prices.
And maintain a portfolio of stocks(40 - 50 stocks) diversifying risks.
And portfolio size is 1.5 lakhs.
Hit rate is just 1 out 6/7 stocks turns out to be a multibagger and which takes care of the losses others make.
Your holding period could be different.

So request to be careful while posting charts giving technical/Fundamental reasons which should be educational in purpose for the readers.

Wrong posts at the wrong time could be misguiding the readers.

Dear All

Let us follow the Forum rules of "No Buy,Sell,Target " recommendations.

We don't want to be in a position where the thread is closed by a violation

Also no email/phone numbers sharing or group formation outside forum posts to be posted

 

[newuser_RK]

Just a note about breakout trading.

Somehow I have observed that I am not mentally comfortable trading breakouts. There is a fear that this one is a false breakout and will fail. Whereas a correcting stock gives me metal comfort. But I will miss many trending stock if I but on the correction

 

[amitrandive]

Just a note about breakout trading.

Somehow I have observed that I am not mentally comfortable trading breakouts. There is a fear that this one is a false breakout and will fail. Whereas a correcting stock gives me metal comfort. But I will miss many trending stock if I but on the correction

That is the reason even if two people follow the same system and same rules , their results can never be the same.

The reason "Different Mindsets".Be comfortable in whatever style of trading you follow.

Just do not let your fear of trading and loosing make you miss many profitable trades.

Read this Chess Psychology on the Net , applies to life and trading also

Chess psychology can be distilled to two simple rules:

1. Don't ever be afraid of your opponent
2. Fight as hard as you can until the game is over