Learning to catch High Probability Breakouts

[amitrandive]

Though there are more script in bank as well, but south indian bank looks best trading in uncharted territory

Your opinion amit bhai

AnilJi

Ideally I would not trade such a stock.
To get a decent profit , we would have to buy in huge quantities.
But that would also mean Huge Risk without known reward.

Attached monthly chart for SouthBank.If you want to enter , I do not know the target but the stop loss is around Rs 20.Probably might bounce from the Rs 28 levels.

But a risk of Rs 11 is too much to ask for,considering the price of the stock.


SouthBank-Monthly Chart

 

[anilnegi]

AnilJi

Ideally i would not trade suck a stock.
To get a decent profit , we would have to buy in huge quantities.
But that would also mean Huge Risk without known reward.

Attached monthly chart for SouthBank.If you want to enter , I do not know the target but the stop loss is around Rs 20.Probably might bounce from the Rs 28 levels.

But a risk of Rs 11 is too much to ask for,considering the price of the stock.


SouthBank-Monthly Chart

Amit Bhai

the stock is trading around 31, we can take position with stoploss of 27.5 the above limit is uncharted, what say.

anil negi

 

[amitrandive]

Amit Bhai

the stock is trading around 31, we can take position with stoploss of 27.5 the above limit is uncharted, what say.

anil negi

AnilJi

It may work ,.
:thumb:

 

[amitrandive]

bro.

how to check d strength or weakness of a stock... plz help

parmit
Though it is not perfect , I use the following method.

Check on 3 time frames.
Similar for finding weak stocks.

Check the strength of TCS as an example.

Monthly chart of TCS

Weekly chart of TCS

Daily chart of TCS

 

[raghav.sriniwasan]

First of all thanks to all the experienced traders who started and have contributed to this thread.
I have been trading since past 6 years, full time, mostly doing delivery trades.

the most important aspect i have come across is of Relative Strength trading.
I use only EOD charts and look out for breakouts in the RS line wrt Nifty.
It has identified many multibaggers. For the timing aspect i use a 21 DMA,
well one can use any moving average as per his or her convenience.

If anyone has any queries on this system please feel free to shoot.

 

[amitrandive]

First of all thanks to all the experienced traders who started and have contributed to this thread.
I have been trading since past 6 years, full time, mostly doing delivery trades.

the most important aspect i have come across is of Relative Strength trading.
I use only EOD charts and look out for breakouts in the RS line wrt Nifty.
It has identified many multibaggers. For the timing aspect i use a 21 DMA,
well one can use any moving average as per his or her convenience.

If anyone has any queries on this system please feel free to shoot.

RaghavJi

Can you please clarify this using some charts and examples?
Also what software do you use , since Relative strength may not be available for all softwares?

 

[anilnegi]

First of all thanks to all the experienced traders who started and have contributed to this thread.
I have been trading since past 6 years, full time, mostly doing delivery trades.

the most important aspect i have come across is of Relative Strength trading.
I use only EOD charts and look out for breakouts in the RS line wrt Nifty.
It has identified many multibaggers. For the timing aspect i use a 21 DMA,
well one can use any moving average as per his or her convenience.

If anyone has any queries on this system please feel free to shoot.

Sriniwasan ji

welcome to the thread i think you should start discussing your calls here in the forum along with strategy if you are comfortable discussing, it help many a beginners / traders like me.

anil

 

[amitrandive]

Sriniwasan ji

welcome to the thread i think you should start discussing your calls here in the forum along with strategy if you are comfortable discussing, it help many a beginners / traders like me.

anil

Please include me also in your list of learners.
The title of the thread includes the word "Learning".

It means I am still learning and will continue to learn.

 

[403.forbidden]

RaghavJi

Can you please clarify this using some charts and examples?
Also what software do you use , since Relative strength may not be available for all softwares?

Relative Strength Trading

 

[amitrandive]

Relative Strength Trading

403.forbidden

Thanks for the Link!!!
:clapping::clapping::clapping: