Learning to catch High Probability Breakouts

[indianbank]

Today was a bad day for me... I must say it was terrible for my flying bulls...
It was a clean white wash of my 1 months profits and i am just up by 1% of my capital...
Lokjam is the one factor going against Bulls....
Bulls are losing its energy day by day... I was thinking Nifty may tough 9500 level in this year... But unfortunately that energy is missing some where..

Global markets also sinking...
This week is crucial for bulls... Lets see what happens at this week end...

 

[sunny_cool]

NIFTY~DAILY

INTERESTING POINT

Bounced back from these levels last 2 times....
Can go long with last 2's low + filter OR will it break down??
Let market give answer

 

[manojborle]

Thanks Manoj sir, for showing us more clearer picture.
posting one more chart..
I am comparatively very new to pure price action. but still..
nifty weekly.... is this a case of trendline break and retest?.its a very long term trendline

It does look like classical example of trendline break and retest.
Point to note is that it is the first break after long time and as per Al Brooks PA, even if trend line is broken you have to go long as it is a high probability that it will test extreme.

 

[extremist]

Today was a bad day for me... I must say it was terrible for my flying bulls...
It was a clean white wash of my 1 months profits and i am just up by 1% of my capital...
Lokjam is the one factor going against Bulls....
Bulls are losing its energy day by day... I was thinking Nifty may tough 9500 level in this year... But unfortunately that energy is missing some where..

Global markets also sinking...
This week is crucial for bulls... Lets see what happens at this week end...

Some people say tht BJP had their math right this time in rajyasabha for GST Bill last half day left.

To believe it or not is the dilemma right now.

Cleared GST means super buster for bulls.
and rejected GST is space for Bears.

Be care full reduce ur Volume today and be safe.

 

[nitingosavi]

these stocks near support.
a little push down may give us a good short term trade .

axisbank

maruti

reliance daily

reliance weekly

 

[indianbank]

Some people say tht BJP had their math right this time in rajyasabha for GST Bill last half day left.

To believe it or not is the dilemma right now.

Cleared GST means super buster for bulls.
and rejected GST is space for Bears.

Be care full reduce ur Volume today and be safe.

Thanks brother,
Today i gained 2% of capital... Holding my profits so tight.... Total profits up by 3% of my capital ( 31 days time)... I may exit my portfolio if total profits goes below 0.5% ....
waiting for GST drama....

 

[indianbank]

closed my portfolio due to Bulls weakening and Gst bill uncertainty
Last time may20 - july 10 i got 12% profits on my capital (51 days)
This time july10- aug13 i got 1% profits on capital (31 days)

13% profit on capital in 82 days looks good
(loss on Castex calculated as full loss )

 

[nitingosavi]

banknifty spot staying below 18180-220 zone not a good sign to me..
Usd/INR is a probable upside breakout... for atleast short term.

will wait untill closing hrs.. to go Bears, else will have to wait till tomorrow !

 

[amitrandive]

Daily Chart of Spot Nifty

Daily Chart of Spot Bank Nifty

Both Nifty and Bank Nifty in a bearish mode.

 

[amitrandive]

VEDL

Daily Chart of Vedl

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

Vedl in a very strong bearish mode.Closing -8% down today.