Learning to catch High Probability Breakouts

[nitingosavi]

Positional trading Zero brokerage ... :clap:

(ashokleyland .. i am having position in it at highest price point... so i think positive and my bull wont make me sad...
more over its a team performance than individual stock performance...if ashokleyland fails some other will win... so i am not much worried on indivitual stock)

IndianBank sir,

NO objection. not criticizing.

But I feel whole auto sector is going to have a downturn ... may be a big time.

I am short in maruti tatamotors and ashok and hero. I have already booked 50% positions today... but rest I am going to carry... positional s/l's are some what huge. but affordable !

my positions might prove wrong .. but its my view only which I have traded and have posted too maruti and tatamotors.

I am not a investor.. just a short term trader.(only FnO stocks)

with all due respects to you. I have learnt and started to observe 52Wk breakouts and breakdowns due to u. a new way of thinking for me.. but its not working for me .

 

[nitingosavi]

1. Ashok ley. Looks like it made a double top, backed by bad fundamental news
Should fall maybe till 85.

2. Regarding zerodha brokerage free in delivey , what do you meant by this?

I have nothing to say abt ZERODHA.
ashok Leyland .. same view.

 

[PUCHU_2500]

indianbank, you are trading penny stocks very well.....pls, give your view on hannung toys for investment in this script for 6 to 12 month time frame......

 

[ludhianewala]

IndianBank sir,

NO objection. not criticizing.

But I feel whole auto sector is going to have a downturn ... may be a big time.

I am short in maruti tatamotors and ashok and hero. I have already booked 50% positions today... but rest I am going to carry... positional s/l's are some what huge. but affordable !

my positions might prove wrong .. but its my view only which I have traded and have posted too maruti and tatamotors.

I am not a investor.. just a short term trader.(only FnO stocks)

with all due respects to you. I have learnt and started to observe 52Wk breakouts and breakdowns due to u. a new way of thinking for me.. but its not working for me .

Hi Nitingosavi,
Cheers....I am also long in Ashokley since it was 52 and I booked half at 94.65 on double top day. The horizon is to select a good stock and stay till it meets the observations. The journey of 52 to 94 was covered in months and it showed up trend, sideways and even down movements in this period. Still I am long with half position and I'll look to exit as per my perception. As you have rightly pointed out that you are a short term trader and that is why these investment strategies will be difficult to adopt . You have a great command over short term view and they are working for you.
Thanks and regards.

 

[nitingosavi]

I know many times I wander away from standard rules of TA.

here is a probable short.
I am already short in it it yesterday @772.3 futures.

I think 783-800 is a established supply zone.

to many ST supports ahead. may be all will get blown. or my s/l

Yesbank futures Daily.

on almost every rally volumes decreasing. and on falls increasing. may be, as its futures charts volumes we may not rely on.

 

[nitingosavi]

sry this is again futures chart.
my EOD spot data is corrupted.

as usual, a short term BULL.

may be a double bottom.
rising bottoms.
rising volumes with white candles.
very good positive divergence on MACD and RSI(15).
another higher high may turn into a virtual breakout.
a secondary trend line break and retest ( trend line not drawn from 1-7-2015 high to 10-8-2015 high extended to right)

I am expecting some sharp upside in short term. with a "little" downside or without.

I don't need it to hit all the way highs... some expectation should meet, is enough for me. ! Just let it trigger !

 

[amitrandive]

IndianBank sir,

NO objection. not criticizing.

But I feel whole auto sector is going to have a downturn ... may be a big time.

I am short in maruti tatamotors and ashok and hero. I have already booked 50% positions today... but rest I am going to carry... positional s/l's are some what huge. but affordable !

my positions might prove wrong .. but its my view only which I have traded and have posted too maruti and tatamotors.

I am not a investor.. just a short term trader.(only FnO stocks)

with all due respects to you. I have learnt and started to observe 52Wk breakouts and breakdowns due to u. a new way of thinking for me.. but its not working for me .

NitinJi

Like you yourself have said , you are a short term trader and indian bank Sir is an investor.

The same strategy which works for him may not work for you ,due to different psychological makeups.

 

[amitrandive]

http://www.traderji.com/general-trading-investing-chat/96368-general-trading-chat.html#post1120212

Nifty Futures Hourly Chart

Breakout !!!:clap::clap::clap:

Same breakout as seen on the 5 min Chart

Nifty Futures 5 min Chart

:clap::clap::clap:

 

[indianbank]

entered position in two stocks 52 week break out
5.TVs elec
6.Fsl

Balpharma I missed... tomorrow I will try it

 

[amitrandive]

entered position in two stocks 52 week break out
5.TVs elec
6.Fsl

Balpharma I missed... tomorrow I will try it

Please advise if you take position around EOD , the next day on level break or during the same day on level break.