Learning to catch High Probability Breakouts

[Rish]

Rish

Can you please explain this with respect to Spot Nifty levels ?

Spot Nifty - 7935.24 close above - upside swing
Spot Nifty - 7755.84 close below - downside swing

I will again match 7500 Put Option December to validate the trend.

This whole year 7500 Put Option will play major role for level identification of Nifty.

The above message is my observation and not a tip.

 

[amitrandive]

Spot Nifty - 7935.24 close above - upside swing
Spot Nifty - 7755.84 close below - downside swing

I will again match 7500 Put Option December to validate the trend.

This whole year 7500 Put Option will play major role for level identification of Nifty.

The above message is my observation and not a tip.

What is the magical figure 7500 ?

And why put only , no call of 7500?

 

[amitrandive]

Market in visual sideways. Crossed or tried to cross 7775 downside and 7937 in upside both twice and failed.

Be calm. In visual sideways our Moto should be to time pass with half quantity. Else do not trade. But practically we all want to beat market at the time of visual sideways days. Our time will come when these two point breaks. Before that do not trade or do not over trade.

Another way of approaching this visual sideways is doing the opposite. Like if it hit 7937 short of BO failure and long at 7775 if BD failure.

Please think of it.

Another point I hav already told you, price tried to cross 7937 region thrice but failed. Now let's see how much below it goes.

Still in the sideways horizontal band after 4 days.

Spot Nifty - 7935.24 close above - upside swing
Spot Nifty - 7755.84 close below - downside swing

I will again match 7500 Put Option December to validate the trend.

This whole year 7500 Put Option will play major role for level identification of Nifty.

The above message is my observation and not a tip.

All three person's levels almost matching

 

[Rish]

What is the magical figure 7500 ?

And why put only , no call of 7500?

I feel Market may not be bullish in this whole year, (my perception). Because Gold has turned Bullish after 4 years. So, I believe price pattern, rather than external factors / news.

Hence, watching Put Option cyclical pattern, give you the fair Idea of Nifty Reversals.....

Nothing Magic...

 

[amitrandive]

I feel Market may not be bullish in this whole year, (my perception). Because Gold has turned Bullish after 4 years. So, I believe price pattern, rather than external factors / news.

Hence, watching Put Option cyclical pattern, give you the fair Idea of Nifty Reversals.....

Nothing Magic...

Spot Nifty vs Spot Gold Daily

Spot Dow Jones 30 vs Spot Gold Daily

I have many times failed to understand the coorelation between gold and the markets.

Ideally what you are saying is right,that when Gold is bullish,markets are bearish and vice-versa.

But Dow Jones Chart says something different recently this year.
Do not have MCX Gold so using Spot Gold(International).

 

[Rish]

Spot Nifty vs Spot Gold Daily

Spot Dow Jones 30 vs Spot Gold Daily

I have many times failed to understand the coorelation between gold and the markets.

Ideally what you are saying is right,that when Gold is bullish,markets are bearish and vice-versa.

But Dow Jones Chart says something different.
Do not have MCX Gold so using Spot Gold(International).

Gold Bear Trend started in 2013 March - Breakdown.....and market has moved upside hit all time highs...

Same way...I believe, Even, S&P hit new high (My view supply/exit)....some how, market may see serious problems as a whole. (I don't know, how, what basis)...I believe, History repeats based on cyclical pattern. This is based on my experience and previous chart patterns..

But, one thing is for sure. This is not the right to take investment. (personal opinion).

Anyway, we will take trade based on intermediate reversal. (nothing to bother about Bull/Bear).

All above views are my personal opinion and not a trading call or investment call.

 

[Rish]

Depends on whether you are swing trading or a long term investor.

If not brought near the breakout,one need to wait for retracement to enter in swing trading.

If brought near the breakout,one can trail stops for the last bar close ,since the rise is very fast and almost parabolic in nature.

For long term investors,they may choose to wait as Asian Paints has broken the triangle after almost 1-1/2 years after remaining sideways.

In all forms of trading/investing the way to trail stop will depend on the risk appetite of the investor/trader.


Disclaimer:This is not a trading call.This is for educational purpose only.

Asian Paint ...Levels for study and knowledge purpose...

Long term view based on price cycle..

The above levels are purely study purpose and not a trading tip.

 

[timepass]

??ascending triangle in DLF ??

 

[amitrandive]

Lupin Daily

Lupin Q4 profit soars 47% on US biz despite 65% rise in R&D cost

Today Cracking down by -9% ???
Profit booking after the recent surge?

 

[amitrandive]

Pidilite Daily

Stock breaking out +6% on good results.Hitting 52 Week high today.