Learning to catch High Probability Breakouts

[indianbank]

My bearish stock for educational purpose

Stock: Just dial CMP 1043

(Just for study purpose.... )

 

[Rish]

Dear Indian Bank

My previous post, i mentioned closing is important...because...last week see Coal India....intraday it was trading above Weekly breakout...but not closed...

Now what happened...fall from top (trapped if somebody initiated brakeout buy on Coal India)...so..we should be careful, taking trade blindly in the top assuming breakout

The above information is to share my view and not to criticise your analysis..

 

[indianbank]

Dear Indian Bank

My previous post, i mentioned closing is important...because...last week see Coal India....intraday it was trading above Weekly breakout...but not closed...

Now what happened...fall from top (trapped if somebody initiated brakeout buy on Coal India)...so..we should be careful, taking trade blindly in the top assuming breakout
The above information is to share my view and not to criticise your analysis..

Yes Rish... I have no objection if someone takes trades after closing of bars.. person to person trading style differs...
i never see all this things in my trading....for me that stock is imp than its price....
And your above Coal india chart looks good for me... and i am not seeing any trap in this...

 

[prst]

My bearish stock for educational purpose

Stock: Just dial CMP 1043

(Just for study purpose.... )

I feel there can be multiple views on this chart.
Just dial seems to be approaching the lower trendline of a channel, which can act as a support for buying. Just my view.

 

[amitrandive]

Today was a good day for me...
52 week breakout
stock: GSPL sector:Oil exploration
Big list of mutual funds hold this stock...
Yearly dividend playing stock

(Those who know how to manage risk can try.... Newbies please stay away )

Dear Indian Bank
Please mention the time frame of the chart ,viz Daily , Weekly ,etc for avoiding confusion .

 

[amitrandive]

Just my views

Anilji

Weekly chart is not for trading .It is used for finding the trend and the support resistance.A weekly candle is not complete till Friday.It can change its colour and structure anytime in the week.

The above chart is based on weekly candle...as long as weekly candle has not closed above top red this friday closing...we can't declare as breakout...

It may close or it may not close...so..as such..this is not a breakout...

This is my view. Don't take it in otherwise...just for sharing my knowledge

Same idea conveyed by two different persons.

 

[amitrandive]

In continuation of above post...

you will find these setups in that area which i mentioned

I'm posting this for General idea, there is no need to remember this in totality

Bullish setup/s

Bearish setup/s

:clapping:

 

[anilnegi]

Amit ji

your wrongly mentioned title i think the top chart is bearish setup and below chart is bullish, pls correct

thanks

 

[amitrandive]

Manoj

Generally we find this bearish setups in uptrend with in the swing body and bullish setup in down trend..

Black box area is what i mean...just don't go by naming this candle just for broad i posted this

Hope this below image clarifies your doubt

Amit ji

your wrongly mentioned title i think the top chart is bearish setup and below chart is bullish, pls correct

thanks

Clarified by Xray

 

[anilnegi]

Microsec

I think this stock is perfect example of breakout and retracement, amit ji your view pls

thanks