Learning to catch High Probability Breakouts

[sunny_cool]

RELINFRA ~ MONTHLY

Near make or break level...will be interesting to watch.... In my watchlist now

 

[sunny_cool]

Great chart @revendar :thumb:

The only thing I want to mention is Trading is not about what we feel....its about how we participate with market moves

I would rather say it is at make or break level so plan your trade according to its price action near the TL

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

 

[nitingosavi]

8034/40/50 zone looks like hard to touch/cross in nifty futures. todays gap down somewhat confirms this.

 

[nitingosavi]

Petronet.
in uptrend... will look for a short...short term reversal.. with some rise or without.. when triggers, a correction may happen.
will it reach to selling zone again, or will trigger sell before it ?

ONGC
I will definitely look for longs..
1 long trade is already failed/ actually didn't triggered, you may find earlier chart in this thread (1dec2015). may be more will fail too... but trying to guess bottoms may trigger some s/l's.

until supports held.. may reward awesome..

all above are probable short term reversal candidates for me.

update.

Petronet-- reached expected max upside limit on expiry day. now its a good short for me . Entered.
ONGC performed till now lets see what next ?

 

[nitingosavi]

My bias is on sell side yet.
so searching probable short candidates.

Axisbank. Fut Daily.
Entered short with half qty.

 

[revendar]

Guys, I came across this thread after a long time, and looks amazing as ever.
Special thanks to amit, anil, vikas and nitin.

Looks like IRB is ready for a takeoff in January.
Entry at 236-238.

Please share your views.

IRB blasted.

 

[nitingosavi]

Another one but highly risky possible short candidate.
SL or big TGT.

RELCAPITAL fut Daily.

 

[nitingosavi]

 

[amitrandive]

Great start for New Year

Entered Nifty7900 PE@ 102.45 Exited @ 116.35.

:clap::clap::clap:

 

[nitingosavi]

Where is IDEA heading??

An island formed. Either 150/130 or 150 and then 130/100?

not sure may be its heading towards 120 or below.
twice huge volume couldn't sustain resistance.