Learning to catch High Probability Breakouts

[mastermind007]

arre baba, chartink.com hai na.

This canfin has a funny candle today, with huge volume. What is your buy rate ? I think SL around 940 should do it.

BAJAJHIND had a similar candle on 28th September 2015 and that also was with above-average volume. Stock has moved up 43% ROC since that day.

It looks kinda like engulfing candle and seems to engulf prices of few prior days ...

 

[mastermind007]

52 week high breakout...
Most of the sugar stocks are trading 52 week high...
example... Triveni eng , Dalmia bharat , Oudh sugar, shakti sugar, dhampur sugar.. ect... This is best time to add sugar stocks in your portfolio with managing your risk properly....
another Bullish stocks are SJVN, United breweries holding ect

Yes, true.... entire sector seems to be on a bullish move ...

Either some major policy announcement has been engineered or there is some trick is up the sleeve.

 

[nitingosavi]

Ur position on lupin was completely wrong ..just saying because dnt wanna see anybody losing money..Have a look on weekly chart

yes bro,
its in uptrend. as I mentioned while posting chart.
my trade will go wrong when lupin fut will cross 2155. I have understandingly taken risk.
I shorted 2 lots to start with. any fall of 10-20 rs. I cover one. when it reaches 2080+ zone I short second lot again. at the day end carrying 1 lot short. my avg is already abv 2100. final avging will at @ 2135-2145 zone stop abv 2155.

Risky... but I still think it will work.

 

[nitingosavi]

most probably we r going to ride today , before ... coming fall ( expiry correction. If its going to come)
may be up to 8300-8340-8370 on futures (?)

if markets started making higher lows on intraday chart.. last participation will be from bank nifty. that's what I guess.

 

[vikas2131]

yes bro,
its in uptrend. as I mentioned while posting chart.
my trade will go wrong when lupin fut will cross 2155. I have understandingly taken risk.
I shorted 2 lots to start with. any fall of 10-20 rs. I cover one. when it reaches 2080+ zone I short second lot again. at the day end carrying 1 lot short. my avg is already abv 2100. final avging will at @ 2135-2145 zone stop abv 2155.

Risky... but I still think it will work.

up to ya my friend... but there are plenty of weak stocks for shorting..

 

[nitingosavi]

up to ya my friend... but there are plenty of weak stocks for shorting..

Vikas BRO,

Its actually one of my bad habits, to try to catch short term tops/ bottoms. And I don't want to leave this habit as it works for me . but by practise now I just trade only one stock in this category.

thanks for your caring abt my trade. yes its really risky one.

 

[vikas2131]

Vikas BRO,

Its actually one of my bad habits, to try to catch short term tops/ bottoms. And I don't want to leave this habit as it works for me . but by practise now I just trade only one stock in this category.

thanks for your caring abt my trade. yes its really risky one.

Use weekly chart for that..i do it everyday..

example..lic has just bottomed out... might see gain of anywhere from 3% to 6%

Bata india another stock... bottomed out 2 days back..its already up 2.5%

Yes bank conitue to face resistance around 775.. u can expect it to go down 3%..

 

[amitrandive]

Hi,
Can you give ur view about syschem india. Its bse stock. Its doing good volume.
Thanks in advance!

Don't analyze such stocks.Price too low ,ideal candidate for manipulation.

 

[amitrandive]

972 bro and in ICIL its at 942 Thnx bro
Ye to dikh jaata hai par wo line jo amit bhai wagairah marte hain wo marna nahin aataaJai Ram Ji Ki

result of canfin
on qoq basis. Sales up by 32%. Net profit up by 90%. EPS up by 48% can I get 1500 in this mnth???? Jai Ram Ji Ki

Nothing special in drawing lines.

Just enclose the price action in a channel or trendline starting from a Monthly,Weekly and Daily charts.

For horizontal see the places from whether the price action has turned/stalled.

Also one thing , please do not try and put targets for any stocks .
We cannot put time targets for any stocks.It is not possible for anyone in this world to predict a time related targets to stock.
If there were such persons, they would be having a Holy Grail.

Daily Chart for CanFin

Stock is in a good uptrend , healthy price action,good volumes.

 

[amitrandive]

my charts working better than before now, serving enough good my trading purpose !

still..
1) time wise some times taking too long sometimes instantly !
2) less picks are going in apposite direction of anticipated trade !

ye time ka kuch karna padega..! but what ?! its killing my options(buying) trades. less profit even after big moves, if taken so much time, some times loss also !

does anyone have a method where we can try to catch big bars !?

Ur position on lupin was completely wrong ..just saying because dnt wanna see anybody losing money..Have a look on weekly chart

yes bro,
its in uptrend. as I mentioned while posting chart.
my trade will go wrong when lupin fut will cross 2155. I have understandingly taken risk.
I shorted 2 lots to start with. any fall of 10-20 rs. I cover one. when it reaches 2080+ zone I short second lot again. at the day end carrying 1 lot short. my avg is already abv 2100. final avging will at @ 2135-2145 zone stop abv 2155.

Risky... but I still think it will work.

Though Lupin is in an uptrend on a Weekly and Daily Chart , I think NitinJi took a short around the resistance levels.

This could have been a short term trade,with stop loss.Nothing wrong a trade hitting a stop loss.

Only incorrect thing for a trader is not putting a stop loss.

Daily Chart of Lupin