Learning to catch High Probability Breakouts
- Thread starter amitrandive
- Start date
- Status
Dr Reddy. Daily. Cash.
1. looks like bottoming for short term bounce. trend will be still down.
2. stochastic LTF & HTF extremely oversold. a profit booking may come.
3. Macd had a positive crossover but huge negative momentum yet. ultimately suggesting a rise will lead to a fall.
4. playing around 20 MA which is nearly 3030. a cross can have a rise.
5. last 12 days volume getting thin n thinner within a range.
6. down trend line is broken.
while looking at weekly charts.
1. may have a bounce.
2. any bounce if and near 3500/3600 must be sold.
3. downtrend is just started whatever bounce can be, will be just a correction in a down move. may be 2400-2000 levels might be tested.
and if 2400-2200 zone broken n sustained this stock is to be forgotten for may be a few years. actually this level looks like at 2700-2750, but my limited knowledge restrains me from making such comment.
so for now any daily WHITE bar with good volume may trigger a sizable up move. if not.. weekly possibilities may supersede daily charts s/l's, targets, corrective moves and will fall.
1. looks like bottoming for short term bounce. trend will be still down.
2. stochastic LTF & HTF extremely oversold. a profit booking may come.
3. Macd had a positive crossover but huge negative momentum yet. ultimately suggesting a rise will lead to a fall.
4. playing around 20 MA which is nearly 3030. a cross can have a rise.
5. last 12 days volume getting thin n thinner within a range.
6. down trend line is broken.
while looking at weekly charts.
1. may have a bounce.
2. any bounce if and near 3500/3600 must be sold.
3. downtrend is just started whatever bounce can be, will be just a correction in a down move. may be 2400-2000 levels might be tested.
and if 2400-2200 zone broken n sustained this stock is to be forgotten for may be a few years. actually this level looks like at 2700-2750, but my limited knowledge restrains me from making such comment.
so for now any daily WHITE bar with good volume may trigger a sizable up move. if not.. weekly possibilities may supersede daily charts s/l's, targets, corrective moves and will fall.
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Nifty weekly.
looks like a ... say sorry to bulls.
I guess with or without a bounce a trip below 7000/7200 is likely.
\\ I am not a nifty fut trader | options sometimes \\
may be its a perfect downtrend.. but not in my trading time frame. ! I will have to wait for RSI(2) spikes.
plz don't look at volumes it erratic in my chart.
looks like a ... say sorry to bulls.
I guess with or without a bounce a trip below 7000/7200 is likely.
\\ I am not a nifty fut trader | options sometimes \\
may be its a perfect downtrend.. but not in my trading time frame. ! I will have to wait for RSI(2) spikes.
plz don't look at volumes it erratic in my chart.
Nifty weekly.
looks like a ... say sorry to bulls.
I guess with or without a bounce a trip below 7000/7200 is likely.
\\ I am not a nifty fut trader | options sometimes \\
may be its a perfect downtrend.. but not in my trading time frame. ! I will have to wait for RSI(2) spikes.
plz don't look at volumes it erratic in my chart.
looks like a ... say sorry to bulls.
I guess with or without a bounce a trip below 7000/7200 is likely.
\\ I am not a nifty fut trader | options sometimes \\
may be its a perfect downtrend.. but not in my trading time frame. ! I will have to wait for RSI(2) spikes.
plz don't look at volumes it erratic in my chart.
Resolution for 2016
Catch minimum one of such stocks
Weekly chart of Symphony
Catch minimum one of such stocks
Weekly chart of Symphony
View attachment 20682
:rofl::sos::rofl::rofl:
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