Learning to catch High Probability Breakouts

[amitrandive]

Thanks, amit. Can you also post the chart of USDINR Vs. Banknifty

The earlier chart was Hourly chart.

Posting daily charts

Daily Chart of Spot Bank Nifty Vs USD/INR

Daily Chart of Spot Nifty Vs USD/INR

 

[Rish]

The earlier chart was Hourly chart.

Posting daily charts

Daily Chart of Spot Bank Nifty Vs USD/INR

Daily Chart of Spot Nifty Vs USD/INR

This is which charting platform ?

 

[nitingosavi]

look somewhat bearish(?).. short term.. but will they rise further before fall..?

INFY... hmm waiting with puts.. but now doubtfully.

TCS ..this needs to break down below consolidation zone... till then(?)

TECHM.. bit confident..

WIPRO near 500 possible?

HCLTECH.. chart not posted but it also stuck in converging range..

 

[amitrandive]

This is which charting platform ?

Netdania.com

 

[nitingosavi]

any scope of correction... may be if trend line breaks a scope towards 7740/50
too sharp rise last 2 days.. alerts me.

nifty fut 5 min live.

same 5 min chart nifty fut... as it developed.. today while looking at SGXNIFTY.. seems will work!

 

[Rish]

Netdania.com

Thanks Amit

 

[nitingosavi]

looks like if nifty fut holds 7680-7660 zone we can easily see 8000+ zone in near future..
waiting for further confirmation to buy NIFTY 8000 calls

probable buying list includes tatamotors. tatasteel sbin reliance and some more BANKNIFTY etc.

 

[Rish]

same 5 min chart nifty fut... as it developed.. today while looking at SGXNIFTY.. seems will work!

Again USDINR mirror image....yesterday USDINR did the low as per price action and nifty did the high as per price action..and reversed... (Previous places acted as support and resistance)

If possible, i will post the image by evening...interesting...

 

[nitingosavi]

RELINFRA..
I think its bullish... but I am not convinced with the trend lines I drawn on daily chart.
what do u think?

Daily

Weekly

 

[Rish]

Again USDINR mirror image....yesterday USDINR did the low as per price action and nifty did the high as per price action..and reversed... (Previous places acted as support and resistance)

If possible, i will post the image by evening...interesting...

Nitin - USDINR....Chart

Now USD INR is moving within the band and nifty is dancing alongwith the USDINR tune..

Near the points, if we see our analysis, our trade, s/l will be small and target will be big. But, we should have patience for the trade setup.

I never use to trade for small points, this is my way of trading. It differs traders to trader.

Your view is welcome.