Learning to catch High Probability Breakouts

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nitingosavi

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#2,903
#2,903
some 10-15 rs move might come. direction yet unknown. may be we will have to wait for next year.

getting resisted at MA50
a descending triangle.
if the triangle marked by dotted lines not broken on upside at least once downside may be real BIG. may be earlier lows will be taken off.
many consistent lower tops. but swing low yet now broken.
so if the resistances crossed MA50/ trend line(s)/nearest supply zone a good up move may be seen as its a momentum stock.

unfortunately its futures chart.
DLF futures Daily live.


I would love to trade short if downside breakout happens.
 
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nitingosavi

Well-Known Member
#2,905
#2,905
nitingosavi said:
OIL

again .. for me its a bull. rest on chart. aggressive one with or without dip


OIL closing line chart.



all above are probable short term reversal candidates for me.
Click to expand...
I didn't traded, but nearly reached primary expectation as I always look for short term.

OIL update till yesterday
bounced exactly from 360 after the chart posted.
 
Rish

Rish

Well-Known Member
#2,908
#2,908
amitrandive said:
Gainers of more than 100% in 2015



Got this from the net.
Can we catch the technical triggers for these ?:D
Click to expand...
Difficult to judge and sit with one script....rest everything will move..except which you selected (rules might have met...but...move may not be there)...

Take Caplin point...this company...not a sound Company....i know the history of the company from the scratch...not fit to this rate and not at all a professional company..but moved....

So...when we select...like Indian Bank (TJ Member)..we should divide and invest...then...we may get moves...

Let me wait for Nifty near 7160 level...thinking of selecting scripts. (this Nifty level is my personal view...not a trading idea).
 
amitrandive

amitrandive

Well-Known Member
#2,909
#2,909
Rish said:
Difficult to judge and sit with one script....rest everything will move..except which you selected (rules might have met...but...move may not be there)...

Take Caplin point...this company...not a sound Company....i know the history of the company from the scratch...not fit to this rate and not at all a professional company..but moved....

So...when we select...like Indian Bank (TJ Member)..we should divide and invest...then...we may get moves...

Let me wait for Nifty near 7160 level...thinking of selecting scripts. (this Nifty level is my personal view...not a trading idea).
Click to expand...
Rish

You are absolutely right.
But we are technical traders,we need to have stop losses in place.No emotions.

There may be many unethical companies with pathetic fundamentals ,unscrupulous management , but as traders we should be concerned with the price action and risk management if we take the trade.

I am trying to find a technical trigger in these companies where we could have brought and exited with a trailing stop loss.Like crossover of 200EMA,etc
:D
 
V

vikas2131

Well-Known Member
#2,910
#2,910
amitrandive said:
Rish

You are absolutely right.
But we are technical traders,we need to have stop losses in place.No emotions.

There may be many unethical companies with pathetic fundamentals ,unscrupulous management , but as traders we should be concerned with the price action and risk management if we take the trade.

I am trying to find a technical trigger in these companies where we could have brought and exited with a trailing stop loss.Like crossover of 200EMA,etc
:D
Click to expand...
use 10 and 21 day ema ...works great..
 
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