Learning to catch High Probability Breakouts

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rrrajguru

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Bro any view on MIC electronics???
PS I am 100% invested in it from 19.80 cmp 20.65
What i think is :-

With SL 19.10, which is the low of 13.10.2015, one can have a buying view on this scrip, with target of 26 and definitely not above 29. Because previously it has given resistances at that 28 to 29 level at least thrice.

It has recently taken out the trend resistance, which now will act as a support. A momentum will come in this scrip above 22 only. so till that 22 level one should watch carefully if one is having some holding.
 

sunny_cool

Well-Known Member
Nitin bhai,

Please don't adress me as Ji....

In my view first support zone in 530 (my 1st tgt) to 520 & after that another support zone is 499 to 492

Its sell for me till first support zone as it has already broken the TL

Boss (Market) will tell what it will show....we just have to react to its moves

Forgot to mention...Beauty of trading...we both looking at same chart & have different views..This is the reason why market exist



sunny ji,
have a look at this.
techM future live.. I think may be we should search a buy near 540-45 zone sup at 543... then 530 in futures, res at 555-576-616

its my view only.

 
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Amit

Kindly take a look at the SUGAR Manufacturing companies. All of them have gone bullish in recent two weeks and best of the lot is BAJAJHIND.

I can see a bullish pennant in formation and would like your opinion also on the same

 
Bro any view on MIC electronics???
PS I am 100% invested in it from 19.80 cmp 20.65
Holy Smokes!!! This scrip is also forming a bullish penant formation but it is little bit more complex pattern than the one formed in BAJAJHIND shared by me in an earlier post.
 
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