Learning to catch High Probability Breakouts

[revendar]

SBIN will probably find support around 2300.
I follow trend line reversals with Slow stochastic on daily/hourly charts for proper entry. View attachment 19870

JSW steel broke out the range and zoomed. It experienced good volumes at support level and was waiting for a breakout.

 

[sabhlok_r]

SBIN will probably find support around 2300.
I follow trend line reversals with Slow stochastic on daily/hourly charts for proper entry.

On daily charts, immediate support for sbin is 2341 spot.

 

[KRMANOJGUPTA]

Any one idea pl advice thanks in advance - i want to take all buy calls for intraday of that stock which is upward in eod chart & for sell calls of intraday viceversa is this experiment can give high probbilty of success,

 

[revendar]

NIFTY still bullish as no data changed from F&O POV. May hit 8k if breaks 7925 in august. View attachment 19876

But shorts are being added since 7750 levels. May fall after expiry or towards the end.

 

[revendar]

Any one idea pl advice thanks in advance - i want to take all buy calls for intraday of that stock which is upward in eod chart & for sell calls of intraday viceversa is this experiment can give high probbilty of success,

Paper trade/backtest on this strategy and share the results.
It depends on when you identify the uptrend and also whether you are a positional/swing trader and the instrument you use.

 

[revendar]

NIFTY did not cross 7925 but tested the range 7915-7925.
Looks like most of index based stocks have seen position shuffle.
Upside limited to 8k probably. Need to EOD reports to arrive at a conclusion.

 

[revendar]

No clear signs of fall from F&O data except few shorts being added.
Premium eating will probably happen.

Can someone post your views based on option data?
Or how do you read nifty data?

 

[revendar]

DRREDDY can be noted. It is a short around 2900 with 2920 as SL. If breaks that 3000 possible. DRREDDY is a perfect example for premium eating strategy by operators. Last expiry week and this expiry beginning the stock was at 2850 and this expiry again same. Even strangle can give good returns if played in september series.

 

[revendar]

Clear sell on RANBAXY above 615. Targets 590/580 positional

 

[copypasteaee]

Clear sell on RANBAXY above 615. Targets 590/580 positional

Please guide what to do, shorted at 614.95.... where is SL

Regards
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