Learning to catch High Probability Breakouts

[revendar]

SBI looks attractive at 2380
Jubilantfood looks attractive at 1100

SBI and jubilant rocking

 

[amitrandive]

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.

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

Please post charts for this and reasons.Both scrips are bullish today.

Also we are looking for positional plays and not intraday in this thread.

 

[amitrandive]

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

Regards
Copy Pastie

How did you entered the trade without a stop loss???

Please decide risk and then only enter a trade.

DO NOT TRADE BLINDLY

 

[revendar]

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

Regards
Copy Pastie

If you see the weekly charts it has huge resistance at 618.
Hope you have shorted in futures. Please buy equivalent lot of 630/640 call as hedge and hold your position. I dont have stop loss now for this.
Beacuse I usually only buy options with 0 SL.

 

[revendar]

Please post charts for this and reasons.Both scrips are bullish today.

Also we are looking for positional plays and not intraday in this thread.

Yes bro. I always play positional from 5-10 days or more.
I'm at office now.So cant share the charts. Will share in evening

 

[amitrandive]

If you see the weekly charts it has huge resistance at 618.
Hope you have shorted in futures. Please buy equivalent lot of 630/640 call as hedge and hold your position. I dont have stop loss now for this.
Beacuse I usually only buy options with 0 SL.

revendar

The original idea of this thread is to keep it simple and exit with a small loss if the trade goes against you.

Assuming if the person is not aware of options,how can you expect him to hedge in futures and options without any knowledge???
It will entirely depend on the risk appetite of a person to enter a trade and to manage the trade.

 

[revendar]

Agreed. My idea of posting in this thread is to post some stocks and understand the direction and view from different people. Also enhancing our techniques to find high probability trades.

For example for DRREDDY calls I have posted a strangle which can be exited at both sides based on movement with less risk. I will add charts hereon.

If anyone is using this thread to take any positions, here are the disclaimers for my posts:

My trades are all option based. For eg: if I say a stock can be shorted, an OTM put option can be bought. Just 1 lot with investment < 5k(max).
Based on your risk appetite place STLP at 3k/2k/1k down.

If you are a futures trader, please always hedge your position with OTM call/put for again 5k. Exit option if stock goes well in expected direction.

For intraday traders this is not the thread. For short term delivery based traders, please place your own STLP if not mentioned explicitely.

 

[revendar]

Ranbaxy weekly chart from google fin.

View attachment 19883

A good play is to just grab a 600 put and relax with 0 SL.

 

[revendar]

My Nifty view.
Nifty will continue to move sideways tomorrow as well to erode premium.
No reversal seen yet.

 

[anilnegi]

i dont know why you short this script it is trading above weekly and daily resistance or am i missing something

anil negi