Learning to catch High Probability Breakouts
- Thread starter amitrandive
- Start date
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Weekly Chart of TataMotors
Weekly Chart of Hindalco
Weekly Chart of BPCL
Weekly Chart of Sail
Weekly Chart of Ceat Tyres
Out of the above following only BPCL and Ceat in an uptrend while all the others in a strong downtrend.
Weekly Chart of Hindalco
Weekly Chart of BPCL
Weekly Chart of Sail
Weekly Chart of Ceat Tyres
Out of the above following only BPCL and Ceat in an uptrend while all the others in a strong downtrend.
Weekly Chart of BPCL
Weekly Chart of Ceat Tyres
Weekly Chart of Sail
Weekly Chart of TataMotors
Weekly Chart of Hindalco
An update on an analysis posted here almost a month ago.
Ceat Tyres and BPCL proving to be winners and continuing the uptrend.
While Tatamotors,Sail and Hindalco continuing the downtrend.
Please see the power and simplicity of identifying the trend on a Weekly chart.
What is so special about today?
Can't they go sideways or down ?
Can't they go sideways or down ?
if they cant rise today and just consolidate they will break support lines or channels on downside.. either with a down move or by just passing time.. sup lines or channels are rising. eventually will get broken down..
plus those are already near supply zones or res clusters..
so I think if those stocks/index not rise today...abv res. they will fall.
todays list. trying to derive a method for intraday trade.. this does not have targets. this method is not back tested or tested fully yet.
I expect those stocks in list may have a flat top/bottom candles today. or small tails/wicks abv /below open than major direction of trade. I use it with small trailing s/l.
if they cross open we get the direction of trade.
buy abv open s/l days low sell below open s/l days high.
this is just for study purpose, I welcome you all to observe if it works or not.
Ticker Date/Time close range High range Low rsi2 rsi2llv4
ACC 21-09-2015 1383.40 1408.00 1358.15 74.2577 32.8743
AJANTPHARM 21-09-2015 1447.40 1495.00 1408.50 52.2276 44.3320
AMBUJACEM 21-09-2015 209.90 212.45 203.10 58.9556 23.0337
ASHOKLEY 21-09-2015 88.15 89.95 86.40 71.2554 36.1974
ASIANPAINT 21-09-2015 829.70 849.90 818.10 42.0620 38.6233
BEL 21-09-2015 1102.05 1124.00 1068.70 12.9604 1.2823
CAIRN 21-09-2015 142.70 149.00 141.15 13.6461 13.6461
GLENMARK 21-09-2015 1022.85 1040.05 1001.00 73.0370 44.7581
HINDALCO 21-09-2015 78.10 79.00 74.20 72.1143 30.9552
HINDZINC 21-09-2015 135.70 138.05 131.70 66.2043 33.1086
IDEA 21-09-2015 145.85 149.25 143.60 34.5956 6.0144
JISLJALEQS 21-09-2015 60.65 61.45 58.00 82.1214 37.8363
M&MFIN 21-09-2015 237.85 242.95 231.80 69.8951 10.9945
NTPC 21-09-2015 126.75 130.00 124.50 57.6978 57.6978
OFSS 21-09-2015 3726.00 3842.00 3712.40 23.2152 12.7035
RCOM 21-09-2015 67.45 68.40 64.60 87.7640 47.1866
SAIL 21-09-2015 51.70 53.25 50.05 49.1794 25.4158
TATAMTRDVR 21-09-2015 237.10 251.70 232.95 28.4560 20.3799
TCS 21-09-2015 2551.05 2586.00 2533.20 62.2819 31.0301
UBL 21-09-2015 869.20 879.00 845.10 58.2394 29.4350
ULTRACEMCO 21-09-2015 2906.20 3018.95 2873.05 14.2837 14.2837
VEDL 21-09-2015 98.40 101.75 96.30 42.6251 33.1812
for example.. today I have shorted VEDL furt after 1st 5 min as it was trading below open and s/l is abv days high. and it hit my s/l
@ 99.30
similarly sold ACC fut @ 1389.. and now waiting with s/l..
9.39 AM again sold VEDL @ 98.95 and waiting with s/l
I expect those stocks in list may have a flat top/bottom candles today. or small tails/wicks abv /below open than major direction of trade. I use it with small trailing s/l.
if they cross open we get the direction of trade.
buy abv open s/l days low sell below open s/l days high.
this is just for study purpose, I welcome you all to observe if it works or not.
Ticker Date/Time close range High range Low rsi2 rsi2llv4
ACC 21-09-2015 1383.40 1408.00 1358.15 74.2577 32.8743
AJANTPHARM 21-09-2015 1447.40 1495.00 1408.50 52.2276 44.3320
AMBUJACEM 21-09-2015 209.90 212.45 203.10 58.9556 23.0337
ASHOKLEY 21-09-2015 88.15 89.95 86.40 71.2554 36.1974
ASIANPAINT 21-09-2015 829.70 849.90 818.10 42.0620 38.6233
BEL 21-09-2015 1102.05 1124.00 1068.70 12.9604 1.2823
CAIRN 21-09-2015 142.70 149.00 141.15 13.6461 13.6461
GLENMARK 21-09-2015 1022.85 1040.05 1001.00 73.0370 44.7581
HINDALCO 21-09-2015 78.10 79.00 74.20 72.1143 30.9552
HINDZINC 21-09-2015 135.70 138.05 131.70 66.2043 33.1086
IDEA 21-09-2015 145.85 149.25 143.60 34.5956 6.0144
JISLJALEQS 21-09-2015 60.65 61.45 58.00 82.1214 37.8363
M&MFIN 21-09-2015 237.85 242.95 231.80 69.8951 10.9945
NTPC 21-09-2015 126.75 130.00 124.50 57.6978 57.6978
OFSS 21-09-2015 3726.00 3842.00 3712.40 23.2152 12.7035
RCOM 21-09-2015 67.45 68.40 64.60 87.7640 47.1866
SAIL 21-09-2015 51.70 53.25 50.05 49.1794 25.4158
TATAMTRDVR 21-09-2015 237.10 251.70 232.95 28.4560 20.3799
TCS 21-09-2015 2551.05 2586.00 2533.20 62.2819 31.0301
UBL 21-09-2015 869.20 879.00 845.10 58.2394 29.4350
ULTRACEMCO 21-09-2015 2906.20 3018.95 2873.05 14.2837 14.2837
VEDL 21-09-2015 98.40 101.75 96.30 42.6251 33.1812
for example.. today I have shorted VEDL furt after 1st 5 min as it was trading below open and s/l is abv days high. and it hit my s/l
@ 99.30similarly sold ACC fut @ 1389.. and now waiting with s/l..
9.39 AM again sold VEDL @ 98.95 and waiting with s/l
Last edited:
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