Learning to catch High Probability Breakouts

[vikas2131]

LIC and YES bank again in the same region from where they went down..another 2-3% down coming in both of them...May be ..have a look..

 

[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.

like always... a day or two later than expectations.
sustaining abv 8300 spot may trigger a short covering rally within expiry. scope is there

banknifty fut if abv 18000 will be 1st hint..
updating my tgt to 8400 + on nifty fut within expiry.

 

[vikas2131]

LIC trade worked out once again while L&T did not perform as per expectations though it was up 1.2% in morning.

 

[nitingosavi]

yes bank fut until abv 758/55 zone a high chance to hit 810 cmp 770
a closing abv 773.4 in futures chances are more bright !

 

[nitingosavi]

taken BTSTs - coalindia ashokley yesbank banknifty nifty axisbank
taken STBTs - LT and ceat

lets see on Monday !

 

[vikas2131]

taken BTSTs - coalindia ashokley yesbank banknifty nifty axisbank
taken STBTs - LT and ceat

lets see on Monday !

Ashokley has broken its big long trend-line... yes bank is close to 775 resitance

wonder why did ya take it??

Anyway best of luck..

 

[nitingosavi]

Ashokley has broken its big long trend-line... yes bank is close to 775 resitance

wonder why did ya take it??

Anyway best of luck..

yes true.
Ashokleyland BTST is a big mistake, I wonder now what I seen while taking trade.
on yesbank I am bullish, it has broken res line and re testing. fut charts.
as I am bullish on nifty and banknnifty with 755 as s/l I can assume it may perform well.
LT done on someone's call just to have something in short no otherwise thoughts. just a big black candle.
ceat I am bearish.

 

[timepass]

Ashok Leyland : The daily does show a WRB and nearly an engulfing bear.

The thing is that the weekly does not show any major weakness, rather the downslip is on reducing volumes. Also, it has made higher top, higher bottom formation for the 5th week now. For a scrip in a major uptrend, better not to assume any weakness till proved by price and volume.

The monthly too is not showing any weakness, but there is reducing volumes since last 2 months and a doji on the monthly.

I guess there would be many traders who would consider the dip a good opportunity to buy. The right question would be, "What's your stoploss for a buy in Ashok Leyland?"

 

[sunny_cool]

IRB ~ WEEKLY

Good canditate to short ??...Got big wick....visited the resistance zone

Looks yummy...only thing need to wait is to see it trades under low of this weeks candle

 

[mastermind007]

Ashok Leyland : The daily does show a WRB and nearly an engulfing bear.

The thing is that the weekly does not show any major weakness, rather the downslip is on reducing volumes. Also, it has made higher top, higher bottom formation for the 5th week now. For a scrip in a major uptrend, better not to assume any weakness till proved by price and volume.

The monthly too is not showing any weakness, but there is reducing volumes since last 2 months and a doji on the monthly.

I guess there would be many traders who would consider the dip a good opportunity to buy. The right question would be, "What's your stoploss for a buy in Ashok Leyland?"

Very nicely presented analysis.