Learning to catch High Probability Breakouts

[amitrandive]

last 2 days
fii's index fut longs open interest down by 70000 contracts
fii's index fut short open interest increased by aprox 13-15 K contracts

We will see a drastic changes in the contracts in all F&O scrips as the lot sizes for Nov and Dec expiry have already changed and for Oct series will change on this expiry

 

[amitrandive]

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

MM

I would really avoid investing in this sector.Nothing to talk about.

Check the Monthly chart of BajajHindustan.See where it came from.
Also check the 5 yearly performance compared to Nifty and Eid Parry and Shree Renuka the only other names worth mentioning.

Monthly Chart of BajajHindustan.

Also fundamentally pathetic returns for the last 10 years.

Again I like to mention that please do not waste your time and energy in analysing such low value stocks on a technical chart.The low liquidity and price makes it difficult to have meaningful patterns and breakouts on these stocks.

 

[amitrandive]

Hi friends... i am posting a bull from textile- synthetic and silk
stock:Himatsingka

Monthly Chart

Weekly Chart

Daily Chart

 

[amitrandive]

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.

Weekly chart shows a limited upside.Too many resistances.
If you wishing to invest in turnaround companies , please search good companies with strong business ,good management.

Not companies which have come falling down from such high levels.

Weekly Chart

 

[indianbank]

Hi friends... i am posting a bull from textile- synthetic and silk
stock:Himatsingka

This is for study purpose..... 52 week breakout...
Mutual funds holding it....
(High risk stock.... if someone wants to Buy this then do it only after 3 o clock... Some result impact can be seen today)

 

[Somatung]

Hi

Here the full post which I yesterday was writing extern while Nitingosavi was quick by posting on my post which was on the jock side. So thought I will then do the rest today. The way I mention is used when doing bigger portfolios, if now with stocks, futures or options. It is based on observation and on possibilities and it is a way of trading with lower stress when managing such bigger trading portfolios, as we not permanently can watch every script.

http://www.traderji.com/technical-a...gh-probability-breakouts-249.html#post1112058

Have a nice coming weekend / Dan

 

[mastermind007]

MM

I would really avoid investing in this sector.Nothing to talk about.

Check the Monthly chart of BajajHindustan.See where it came from.
Also check the 5 yearly performance compared to Nifty and Eid Parry and Shree Renuka the only other names worth mentioning.

Monthly Chart of BajajHindustan.

Also fundamentally pathetic returns for the last 10 years.

Again I like to mention that please do not waste your time and energy in analysing such low value stocks on a technical chart.The low liquidity and price makes it difficult to have meaningful patterns and breakouts on these stocks.

Amit

It is indeed amazing how different sites provide completely opposite view points. It is as if that I was looking to go LONG, I found sites that favored such view and you uncovered the opponent. Here is a snap-shot of what I had read

COMPANY DESCRIPTIONS OF BAJAJHIND, NSE, INDIANIFTY 8242.90 (55.90) 0.68 %
Bajaj Hindustan is Asia's Number 1 and World's Number 4 integrated sugar company. Bajaj Hindustan has an aggregated sugarcane crushing capacity of 136,000 tonnes crushed per day (TCD), and alcohol distillation capacity of 800 kilo liters per day (KLD) across 14 locations in the north Indian State of Uttar Pradesh (UP).

Bajaj Hindustan is a leader in the Asian and Indian sugar industry and is also one of the largest producer of green fuel ethanol in India. Bajaj Hindustan’s strength is the result of eight decades of experience The Bajaj Group is a leading presence with diversified interests in the sugar and growing Infrastructure sector including Power, Coal mining, Real Estate and FMCG. The Company has fourteen sugar plants, which are all located in the northern Indian state of Uttar Pradesh. Bajaj Hindustan’s growth initiative has been led by a strategic focus of attaining global scales of manufacturing and cost competitiveness. Such benchmarking provides Bajaj Hindustan advantages of cost and higher domestic market share where demand is expected to outstrip supply for the next few years.

Bajaj Hindustan is in a unique position. While its planning and processes are benchmarked against global practices, its activities are directed at contributing to the Indian rural economy at a local, grassroots level, primarily in the uplifting of the farmers. Bajaj Hindustan embarked on an expansion, the scales of which are unprecedented worldwide, providing tremendous opportunities of employment, infrastructure and community development and contributing to the growth of the rural economy of UP. Bajaj Hindustan embarked upon significant new expansions. While the capacity of its existing sugar plant at Pratappur was enhanced, three new sugar units were also set up in virgin, cane-rich areas of East UP at Rudauli (district Basti), Kundarkhi (district Gonda) and in Utraula (district Balrampur).

Bajaj Hindustan then, had a crushing capacity of 40,000 TCD and a distillery with the capacity to manufacture 160 kilo-liter per day of ethanol. The total industrial alcohol/ ethanol capacity of the Company, including its subsidiary, was 800 KL/ day. With the commissioning of three bagasse-based power co-generation plants at Kundarkhi, Rudauli and Utraula, Bajaj Hindustan had an aggregate power generation capacity of 95.8 MW. Combined with the power generation capacity of 325 MW, Bajaj Hindustan’s total generation capacity is 420.8 MW. After meeting its own energy needs, the Company has a surplus of 90 MW. It supplies a significant part of this surplus power to the UP state grid.

Bajaj Hindustan share is listed in NSE stock market by the symbol of BAJAJHIND

 

[anil_s_trivedi]

Amit

It is indeed amazing how different sites provide completely opposite view points. It is as if that I was looking to go LONG, I found sites that favored such view and you uncovered the opponent. Here is a snap-shot of what I had read

Give any company to Technical/Fundamental analyst ...they can give you a reason to believe their analysis(Beliefs)...

 

[amitrandive]

Amit

It is indeed amazing how different sites provide completely opposite view points. It is as if that I was looking to go LONG, I found sites that favored such view and you uncovered the opponent. Here is a snap-shot of what I had read

MM

That is the reason , why I look at the Monthly charts also to get a better understanding and also at the fundamentals.

A single snapshot will give you everything to make your decision.

 

[amitrandive]

Nifty Futures Ideal Trades for Today

Sometimes I may post ideal trades for any index or stock only for learning purpose.These may or may not be real trades.

5 Min chart of Nifty Futures