Learning to catch High Probability Breakouts

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nitingosavi

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#2,181
#2,181
Yesbank looks like a long term story.
cant say its a bottom. but feels like its nearby.

daily
In daily charts price took support near earlier breakout zone and had a big bounce of 8%.
637-660 zone if held, possibility of 774-800 level possible as its a very volatile stock.


weekly this looks more convincing.

in weekly chart there is a big rising channel which has sup near 550-580 zone if we connect tops (not drawn) it gives us a parallel line to bottom most support line(red) or channel base.
possibility of breaking this support line seems illogical to me. if prices has to remain in channel a big rise can happen and stock can make new top. time frame unknown.
if yesbank manages to close above 692 this week, it will be a bullish reversal candle.
 
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PUCHU_2500

PUCHU_2500

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#2,183
#2,183
today too many stocks formed pin bar. marksan pharma is taking good support @100 ema and formed a pin bar.....no I am not hurry to buy this stock....just under observation and want to see others comments along with amit......
thanks

 
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indianbank

Well-Known Member
#2,184
#2,184
Hi friends good evening as always...

Investors keep your funds safe.... wait for good opportunity...
Let market stabilize and form a base for new bull run...

Those who can take risk Buy MCX crude and keep... this price is a fair value for crude oil... If Nymex Crude price goes below 35 doller/barrel then it will be a total collapse of economy....
Those who having Vehicle... this is the best opportunity to hedge fuel price with buying MCX crude contracts...
 
amitrandive

amitrandive

Well-Known Member
#2,188
#2,188
ShareHolding Pattern.Part-I

If you want to invest in any stock, check the stock holding pattern.
Promoter holding should not be more than 50%.
General public holding should be atleast 5%
Institutional holding should be more than 50%.

These are just thumb rules, not concrete.

Check the lack of liquidity in Videocon Inds.
Try and avoid such shares for investing.

Check Infosys shareholding pattern.
Another example is Inox Wind
Again this is not a standalone system for investing/trading.Just another parameter to scan good stocks.







Contd...
 
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SaravananKS

SaravananKS

Well-Known Member
#2,189
#2,189
amitrandive said:
ShareHolding Pattern

If you want to invest in any stock, check the stock holding pattern.
Promoter holding should not be more than 50%.
General public holding should be atleast 5%
Institutional holding should be more than 50%.

These are just thumb rules, not concrete.

Check the lack of liquidity in Videocon Inds.
Try and avoid such shares for investing.

Check Infosys shareholding pattern.
Another example is Inox Wind
Again this is not a standalone system for investing/trading.Just another parameter to scan good stocks.
Click to expand...
I could not able to get your Point in my Portfolio most of stocks having more than 50% Promoters All are good liquid

by Randam example
here is TCS Share Holding pattern


Based on Fundamental Increasing Promoter's holding is good sign of the company in long run

For example again we take TCS and Infosys
in Infosys promotors selling their stakes (this mean they are loosing confident on their company)

Here is Price performance of Top IT companies


Hexaware which has 73% Promoters holding was top performers among these companies.Also good liquidity


Stocks like Caplin Point Laboratories became multi-bagers which has promoters holding around 68%




:confused:
 
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