Learning to catch High Probability Breakouts

[manojborle]

Thanks for reply and message taken, I will not put my money on indicator alone, Say for example conditions given by Manoj are met, then watch for stock to make HH/HL also check fundamentals and than with stoploss enter.
Presently I am having this much of data only, Hence unable to find any supply zones, nearest demand zone is 980 t0 935, next one is 770 to 717.

Thanks monkeybusiness
This is what I was referring to. Use this method only to filter out potential candidates and then use simple strategies such as HH/HL to ride the trend.

 

[monkeybusiness]

Manojbhai, I am using chartnexus, default data and default settings.

 

[monkeybusiness]

Thanks monkeybusiness
This is what I was referring to. Use this method only to filter out potential candidates and then use simple strategies such as HH/HL to ride the trend.

Yes Manojbhai,

Since long I was searching for something to find potential long term candidates, with this method, I can spare day or two on week end to search for candidates and make a watchlist to see the future action. I am not a full time trader, so if I can prepare a watchlist, I can keep an eye on them.

 

[manojborle]

Yes Manojbhai,

Since long I was searching for something to find potential long term candidates, with this method, I can spare day or two on week end to search for candidates and make a watchlist to see the future action. I am not a full time trader, so if I can prepare a watchlist, I can keep an eye on them.

Yes
When you use weekly charts you can find stocks for holding period of 2-3 years.
When you use daily charts , you can find out stocks for holding period of 6 month to a year.

 

[manojborle]

Example on Daily chart for medium term trading.

 

[manojborle]

 

[indianbank]

Hi friends.....

I wish all of you a superb Happy new year ...
God bless India ... Long Live India...

 

[karthik_sri]

Great stuff Manoj !!!

Thanks for providing a fruitful discussion and a new insight into investing.
Will surely reflect on your charts and incorporate for getting meaningful breakouts.
:clapping::clapping::clapping:

Very good one and new informative:thumb:

 

[vikas2131]

US Tumbles Into Manufacturing Recession With Abysmal Chicago PMI Report

America has never - ever - avoided a recession when Chicago's Business Barometer has collapsed to these levels. At 42.9, missing the expectations of 50.0 by the most ever, down from 48.7 in November, the final US economic data point of the year sums up perfectly what a disaster Yellen has hiked rates into.

Recession!!!

 

[nifty trade]

SURESHOT- Jackpot
BUY 2016
SL 2015
TGT 2017..

HOLD TILL TGT..