Learning to catch High Probability Breakouts

[amitrandive]

If we analyze current situation Nothing favoring bull market....
Last week when i started my new portfolio... i had some calculations...
I was thinking American dow will break 52 week high and all other market will follow the trend... Dow reached almost near to 52 week high and fell down sharply....

Lets see how market absorb this series of bad news...

(out of my 10 bullish stocks... single stock ie tvs electronic is in green and remaining 9 stocks are in red... total unrealized profit/loss -3300 rs)

Any corelation between Dow Jones and Nifty 50 ?

Daily Chart of comparison of the 2 indices

 

[nifty trade]

Today is so bad day for me... out of 10 stocks 8 in red... and unrealized profit/loss = - 1700 rs aprox.
(risk appetite is 5000 rs.. so lets see how it works)

So your risk is 5k and you wish 50 k in this trading portfolio to buy an led tv......... Okay

 

[insursi]

Any corelation between Dow Jones and Nifty 50 ?

Daily Chart of comparison of the 2 indices

Thanks Buddy for the chart. Can you share any online source where I can get comparison chart like yours.

 

[amitrandive]

Thanks Buddy for the chart. Can you share any online source where I can get comparison chart like yours.

netdaniadotcom

 

[indianbank]

So your risk is 5k and you wish 50 k in this trading portfolio to buy an led tv......... Okay

yes ur partially correct.. anyway I am in loss of 5k..
tomorrow if there is no sign of recovery then evening I may exit my new portfolio... :rofl:

 

[Fundootrader]

netdaniadotcom

can't open this site - can you spell correctly - i did replace "dot"

 

[sunny_cool]

MARUTI ~ DAILY

Wait for good entry point...I think good downside is pending ? lets see

 

[amitrandive]

can't open this site - can you spell correctly - i did replace "dot"

Yes , charts are in this section

http://netdania.com/Products/live-s...real-time-forex-charts/FinanceChart.aspx?m=c#

 

[amitrandive]

Weekly Chart of Mangalam Drugs

I am always skeptical of stocks which rise parabolic in nature.
Mangalam drugs is one of them.

PS:These are my personal views , this should not be taken as an equity advice.

Stock hitting 52 Week high today.
Only buyers since Nov 18.

Check the investment watch window.

http://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/mangalamdrugsorganics/MDO

Daily Chart of Mangalam Drugs

Lack of liquidity , looks like heading for a buying climax

http://www.investopedia.com/terms/c/climax.asp

PS:These are my personal views.Please do your own analysis before trading.

Has the slide started ?
Only sellers from Dec 09 after hitting 52 week high of 424.

 

[indianbank]

today its good day for my bulls.. loss is reducing.. good good... fcel rocking