Learning to catch High Probability Breakouts

[amitrandive]

RCOM... looks positive for atleast short term.
look at the chart. hope it will pass 72-73 zone in this week.

For all those who had kept Rcom in their radar,hoping for a positive breakout.
Sad news guys,it is sliding down again and so is big Bro Reliance, cannot cross the band of 1100 again.

Daily Chart of Rcom

Daily Chart of Reliance

 

[amitrandive]

Spot Nifty

Daily Chart of Spot Nifty

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

Whether Nifty breaks support and breaks down or bounces back again ,needs to be seen from further price action.

 

[jagankris]

Spot Nifty

Daily Chart of Spot Nifty

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

Whether Nifty breaks support and breaks down or bounces back again ,needs to be seen from further price action.

SGX already at 8328 .
(Below are just my anticipations and not to be taken as trading call).
Trend is down and I guess more downfall likely.
Gap Down tomorrow and likely to test 8300 with in few minutes of opening.
And may test 8250/8200 Levels Tomorrow.
Sell on raise - Caution required on long trades.

 

[khurshedmanjra]

Daily Chart of HCLInfosystem

M&M stuck in a trading range since the year 2013.HCL Infosystem in a bearish trend since 2009

AMIT'JI CAN V SAY HCL INFO CHART(CONSIDERING LAST 6MNT) IS FORMING "CUP N HANDLE" PATTERN...??[/QUOTE]

Dear Ravi2126, CUP & HANDLE pattern occurs at the top during uptrend. It is a continuing pattern, and price continues to soar higher after completion of handle and breakout.

 

[ludhianewala]

Hi amit, I had been following this post for quite some time. I saw something in DCB some days ago the same I saw now in this chart of vakrangee today closing at 20% down circuit. The common in them is that both kept support till 3pm and heavy selling came in last half an hour. Unfortunately I had both of them in my portfolio. The chart is of vakrangee daily and 5 minute charts. Can you help in some measures to avoid these losses?

 

[copypasteaee]

snip

Awesome Tarun Bhai

 

[ludhianewala]

Actually this is my first post so please excuse my mistake. I have edited the same anyway.

 

[nitingosavi]

last few days i was advocating the probabilities of a short term fall in nifty. fallen but it never sustained.

though some stocks like axisbank / yesbank / drreddy n some more given me good money, my patience and confidence is loosing now.

i will be closing my 80% positions on short side today. and will wait till range is broken. will just hold OTM puts... with very minor amnt.

fortunately it turned out a very good day and long awaited ! patience before being impatient gave me max in my nifty BNF axis bank shorts...
simply booked whole things almost at best price. and entered 8300 puts will not look at it as its a very small part of my this months profit.. and a "bet" for more ! now no more trades till expiry !

 

[copypasteaee]

Actually this is my first post so please excuse my mistake. I have edited the same anyway.

never mind, u need my help then let me know. i realized it later that its ur first post.

 

[ludhianewala]

Thanks Copy Paste.