Learning to catch High Probability Breakouts

[manojborle]

Dear Manoj ji
Which RT data are you using for Amibroker?

Hi hmp
I m using truedata

 

[revendar]

Daily Chart of KotakBank

Looks poised for a breakout after consolidating for so long

I feel breakout is less likely. It will finish all 5 waves at 740.

May fall till 700/680/640. Also banknifty near resistance at the same time.

 

[timepass]

Also banknifty near resistance at the same time.

 

[amritak1952]

sir,
what's your opinion about small PSU Banks specially UCO Bank, I am observing that UCO bank is not able to cross 46 and sustain there on upper side and on lower side it is at45.60. what is your opinion about it I want to enter for short period pl. guide
thanks
amrit

 

[sabharwal_RK]

Posting GM Brewing chart and analysis.

Need feedback, analysis and any further add on comments on this.

 

[hmp]

Hi hmp
I m using truedata

Truedata is only for Ninja trader i suppose? Not for Amibroker?

 

[manojborle]

Truedata is only for Ninja trader i suppose? Not for Amibroker?

No
Its for many other softwares including amibroker

 

[pradeep636]

BataIndia can be in watchlist for buy breaking 530 on daily closing basis.

Views please.

Mostly it will make a lower high and rally until budget but in case if it fails to make a Lower high then we can see a lower low and a downtrend channel getting formed in parallel to the down trend line you drawn.

I'm a amateur in trading, so please consider this as my opinion and not an expert view..

 

[revendar]

Mostly it will make a lower high and rally until budget but in case if it fails to make a Lower high then we can see a lower low and a downtrend channel getting formed in parallel to the down trend line you drawn.

I'm a amateur in trading, so please consider this as my opinion and not an expert view..

I'm amateur as well .
I chose this because I see good OI buildup, cheap options price(as I'm an option trader). I still expect 487 to be touched where I will enter for targets of 560/640.

 

[nitingosavi]

Hindpetro. daily.

until 831.5 is safe possibility of B/O remains intact else.. downside

another similar stock near BO.

LICHSGFIN daily

until 503-503.8 safe on closing basis possibility of BO intact else a good downside trade possible.

Third one

Jain irrigation

looks like a channel breakout. with next resistances ahead. if 68 breaks, possibly a fall (?)