Learning to catch High Probability Breakouts

[timepass]

Timepass Ji

Just my Views
I am still learning Technical Analysis from the threads of Senior members and much more knowledgeable members in TJ.


ReCLTD

Though the Weekly chart has a Pin bar , would preferably like it to break 255 levels and come back and test this level before initiating a long.
Also currently stock price trading below 20 EMA , so I would not like to initiate a long,until it breaks 20EMA price which is around 266.

Experts may correct me on this.

Good, safe thinking - waiting for a double bottom.

BTW, similar pattern can be seen in many high beta scrips like Jindal Steel, Cromptom Greaves, Bank of India, Union Bank etc. Of course, it all may be a dead cat bounce.

 

[manojborle]

 

[manojborle]

 

[amitrandive]

High Probability Breakout

Bajaj Finserv

A bearish pin bar forming a resistance and indicating supply around 1060 on 24/9/2014.
A bullish pin bar forming a support and indicating demand around 1040 on 26/9/2014.

A breakout on 29/9/2014 above 1060 with a stop at 1045(support level) , and stock surges to 1095 at EOD , when all indices are flat on a consolidation day.Giving around 3% return Intraday.

Daily chart of Bajaj Finserv

 

[amitrandive]

Good, safe thinking - waiting for a double bottom.

BTW, similar pattern can be seen in many high beta scrips like Jindal Steel, Cromptom Greaves, Bank of India, Union Bank etc. Of course, it all may be a dead cat bounce.

FYI

Dead Cat Bounce Pattern

 

[anilnegi]

Amit ji

Does this look like a high probability trade for tomorrow or coming week, Moreover 200 DMA i daily is at the same level

aniil negi

 

[manojborle]

Selling pressure of 253.8 worked and LOD was 246.55.

 

[amitrandive]

Amit ji

Does this look like a high probability trade for tomorrow or coming week, Moreover 200 DMA i daily is at the same level

aniil negi

Sorry AnilJi

I do not trade/track stocks having price below 100 Rs,not much to gain for.

 

[amitrandive]

Nifty Intraday Trade on Volatile Day 30/9/2014

Scalped both Sides

Nifty 8200 Call
Enter @ 47 Exit at 55

Nifty 7800 Put
Enter @ 37 Exit @54.(exited too early due to huge pin bar)

5 min Intraday Chart of Spot Nifty

 

[amitrandive]

High Probability Breakout

Bajaj Finserv

A bearish pin bar forming a resistance and indicating supply around 1060 on 24/9/2014.
A bullish pin bar forming a support and indicating demand around 1040 on 26/9/2014.

A breakout on 29/9/2014 above 1060 with a stop at 1045(support level) , and stock surges to 1095 at EOD , when all indices are flat on a consolidation day.Giving around 3% return Intraday.

Daily chart of Bajaj Finserv

Bajaj Finserv worth a Swing trade , made a high of 1164 and closed at 1130 today.