Learning to catch High Probability Breakouts

[amitrandive]

 

[anilnegi]

Jain Irrigation around 86 a retracement of 61.8% of previous high, amit bhai your views pls

anil negi

 

[amitrandive]

Jain Irrigation around 86 a retracement of 61.8% of previous high, amit bhai your views pls

anil negi

AnilJi

Any stock retracing below 61.8% shows weakness.Also breaking below 100EMA.Not good for longs.
A shorting candidate once it crossed 100MA on daily levels.

 

[amitrandive]

How to read F&O indicators


http://blog.myfno.com/2014/09/02/fn..._lines&blogsub=confirming#blog_subscription-4

 

[Catch22]

I would like to know ,Is it possible to track Open Interest in a chart please?Is there an indicator to plot the same in Omneysis or at investing .com?

 

[amitrandive]

I would like to know ,Is it possible to track Open Interest in a chart please?Is there an indicator to plot the same in Omneysis or at investing .com?

Check this site.
http://www.niftytrader.in/

 

[amitrandive]

My Learnings

Some pages ago , a question was raised on how to understand strength of a stock.

Attached a Weeekly chart of Arvind.The two arrows show our entry and exit.

Another entry was possible at 245.See the strength of Arvind.This chart has no indicators,simply support and resistance.

The power of simplicity.

 

[anilnegi]

perfect Amit ji

Perfect chart

 

[amitrandive]

High Probability Intraday Trade

DLF though in a continuous downtrend , closed with a Pin bar yesterday at the support , which is a probable indication of a minor pull back or major reversal.

It closed at around 4% today, a high probability Intraday trade.

Daily Chart of DLF

5 Min Chart of DLF

 

[TradeOptions]

High Probability Intraday Trade

DLF though in a continuous downtrend , closed with a Pin bar yesterday at the support , which is a probable indication of a minor pull back or major reversal.

It closed at around 4% today, a high probability Intraday trade.

Daily Chart of DLF

5 Min Chart of DLF

Excellent Analysis Amit bhai :thumb: