Learning to catch High Probability Breakouts

[nitingosavi]

Dow Jones

none of the charts showing strength.
rather showing a possibility of some big fall.
will our market sustain such situations ?

Daily
A channel moving down.

weekly
A trend line break and retest.

monthly
falling candle from a possible selling zone.
Its a monthly chart. a little fall can be big.
already made a lower low, lower top likely (?)

 

[ludhianewala]

If someone follows manoj jis system and if they post live charts for investment point of view... i am ready to put cash on such 5 stocks.... and i will share u its performance with my real money... :thumb:

( just post some live charts... lets start the game... comeon)

I think I have found a stock in weekly charts that satisfy the criterion, Manoj ji may amend and guide further. Weekly chart of CENTEXT....

1. The ADX was less than 25 for more than 20 bars (except most recent).
2. DMI makes a new high for the breakout move.

 

[amitrandive]

This one was not about current investment it was about the past learning's methods and how to analyze. Did u find any fault in the hindsight analysis? Though it may look easy in hindsight but it is not in the real time.

Lets us look at the monthly chart of this stock,where has it broken resistance for entry ?

Monthly Chart of GMBreweries

If you are looking from an investing point of view , it always help to have a look at the Weekly and Monthly charts.For trading perspective , Weekly and Daily charts suffice.

Weekly Chart of GMBreweries

As you said everything is easy on hindsight,but extremely low volume even on Weekly levels in itself are a indication to stay away.

 

[indianbank]

I think I have found a stock in weekly charts that satisfy the criterion, Manoj ji may amend and guide further. Weekly chart of CENTEXT....
1. The ADX was less than 25 for more than 20 bars (except most recent).
2. DMI makes a new high for the breakout move.

Thanks ludianewala....
Century Extr is in the Aluminium sector. The current market capitalisation stands at Rs 26.72 crore.
i never trade penny stocks price below 20 rs....
i never trade stocks with less than 5 crore turnover weekly basis
and market cap of this is very low ....
and this stock chart looks horrible for me.... it can go up like rocket.. but it will be difficult to manage this stock because it can follow with low/upper circuit breakers continuously.

Guys continue keep on posting....more more charts...
Again thanks to ludianewala keep on posting

 

[ludhianewala]

Thanks ludianewala....
Century Extr is in the Aluminium sector. The current market capitalisation stands at Rs 26.72 crore.
i never trade penny stocks price below 20 rs....
i never trade stocks with less than 5 crore turnover weekly basis
and market cap of this is very low ....
and this stock chart looks horrible for me.... it can go up like rocket.. but it will be difficult to manage this stock because it can follow with low/upper circuit breakers continuously.

Guys continue keep on posting....more more charts...
Again thanks to ludianewala keep on posting

Sir, what are other parameters that you check before investing, I will filter the scripts accordingly.

Thanks and regards

 

[indianbank]

Sir, what are other parameters that you check before investing, I will filter the scripts accordingly.

Thanks and regards

I rarely spend time on charts....
Most of the time i follow market news... i always focus much on global economic news... whats economics happening globally and India...
analyzing growth rate is very imp before investing in it....
( see its not necessary to invest in equities only ...we can invest in bullion, forex, real estate, commodities ... which ever is having higher growth/return rate we should invest in it )

Charts just follow news and mass psychology...

 

[ludhianewala]

Rcom hits 52week high. ADX below 25 for more than 20 bars. DMI also makes new high.

 

[ludhianewala]

Sreeinfra looks best of the lot.

Manoj ji may amend and correct.

Thanks and regards.

 

[revendar]

Watch out for SUNTV. Will it breakout?

I feel it will not. It may have a sharp fall till 388/372 and then take off 435.
All media stocks ZEEL/DISHTV are near resistant zones(ZEEL-443, DISH-104).

Views please

 

[revendar]

Siemens on a small pullback track