Learning to catch High Probability Breakouts

[praveen taneja]

Top 12 mid-caps that returned up to 235% in a year

http://economictimes.indiatimes.com...-stock-up-on-midcaps/articleshow/40547582.cms

Atleast we were able to catch Arvind at much lower levels than suggested by and bought by most fund managers.

This is a good sign which shows that simple things still do work in the market and there is no need for complicated analysis.

simple things like????

 

[amitrandive]

AnilJi

Thanks for your appreciation.

I totally agree with you that Arvind has no support/resistance to trade on.

I have attached a monthly chart of Arvind with a 10 month Moving average.
The breakouts I have indicated are worth trading,also we will have strict stop losses in place while making these trades.

Also a Daily chart shows bounce off the 140 level and a pin bar at the 180 level.In a bull market any and all stocks join the investor euphoria and give returns with or without any change in the fundamentals.Then I may be wrong also,that the market will decide.

Who knows Arvind might be one of those stocks like Auropharma,Adanient,etc in which investors/traders start participating only after they give strong breakouts/trends.


Arvind(Spot) Monthly Chart

Arvind(Spot) Daily Chart

parmit
Though it is not perfect , I use the following method.

Check on 3 time frames.
Similar for finding weak stocks.

Check the strength of TCS as an example.

Monthly chart of TCS

Weekly chart of TCS

Daily chart of TCS

simple things like??

Praveen Sir

Above attachments for simple things !!!Please check the line in Bold Red above.

 

[revendar]

One imore info regarding ARVIND is an expiry week stock.
It gives wild moves towards expiry.

 

[praveen taneja]

Praveen Sir

Above attachments for simple things !!!Please check the line in Bold Red above.

on charts what you plot sma or ema??? and which 10-20-50-100-200

 

[praveen taneja]

what more can be added in it actually I am trapped in IOB till no trade zone let me try hand on charts too

 

[praveen taneja]

Xxxxxxxxxx

 

[amitrandive]

on charts what you plot sma or ema??? and which 10-20-50-100-200

Praveen Sir

Not much of a difference between EMA and SMA.Either works.

For short terms we can use 10-20,
For medium term 50.
And for long term we can use 100-200

As per the current chart in IOB , seems to have a support around 60 levels.Clear exit below 60.
Actually should have exited on price break of 200MA around Rs 80.

 

[anilnegi]

Amit bhai

most of the entries are in last week of march and 1st week of april, any specific reason for that moreover, on what basis you have choose these particular stocks, pls elaborate

anil negi

 

[manojborle]

Praveen Sir

Not much of a difference between EMA and SMA.Either works.

For short terms we can use 10-20,
For medium term 50.
And for long term we can use 100-200

As per the current chart in IOB , seems to have a support around 60 levels.Clear exit below 60.
Actually should have exited on price break of 200MA around Rs 80.

Thanks

 

[saivenkat]

.
Actually should have exited on price break of 200MA around Rs 80.

Oh.. ho.. amit bhaiya.. Actually Pt bro was waiting for the break down of 200 dma.. he bought at :annoyed:80.80.:annoyed:His fancy number..