Learning to catch High Probability Breakouts

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Re: Few setups

A few setups I like
Hello jdutt, good to see your charts.

To upload charts, please upload them on an external website first and then paste the link here. Check my signature for instructions about the same. Using "manage attachments" you will run out of 100kb limit very fast.

Looking forward to more from you.





 

Rish

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Nifty further uptrend continue, once 7500 Put Option December close below 156.20....Trend Resume Upside.

If, 7500 Put Option (December), breaks above 246.80 and close...then Nifty downtrend resume...

Till then, Nifty will trade within the Band...

The above information is to share my knowledge and not a trading tips.

December 7500 Put closed down below 156.20 (yesterday)...trend is resumed upside....now...7500 put option bottom reversal level 63.40 (Nifty may top out).

The above information is not a tip...just to share the knowledge..
 

amitrandive

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December 7500 Put closed down below 156.20 (yesterday)...trend is resumed upside....now...7500 put option bottom reversal level 63.40 (Nifty may top out).

The above information is not a tip...just to share the knowledge..
Rish

Any significance of December contract ,this is not tradeable ?
Also do you get this data in chart ?
 
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Rish

Well-Known Member
Rish

Any significance of December contract ,this is not tradeable ?
Also do you get this data in chart ?
Normally Long contracts price action may give perfect reversal.....(I am watching since from 2008)....

Whipsaws will be eliminated in Nifty Trend Reversal,if you focus long contracts trading in far months...

Yesterday, I have bought closing hours...Call option....simply followed the rule...(last 10 days no trade, just waiting for opportunity).....closed all the position today...My logics are simple....Entry / Exit based on percentage..

Now...I will wait for top reversal...till then...no trade....even if it happens after 15 days...I will just watch for next setup...



The above message and levels are just share my knowledge and not forcing anyone to trade and not to be tips...purely educational purpose..
 

amitrandive

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Pidilite Daily




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


AMIT 'JI,

can v say that last candle is "hanging man reversal" candle ?
RaviJi

I do not follow candlestick patterns except at important support and resistances,so cannot comment on it.

I firmly believe that candlestick pasterns should not be studied in isolation but along with the overall trend and only at important support and resistance.

Having said that the consequent candle has to be narrow range or bearish candle to confirm the pattern.
:)

Pidilite Daily




No bearish followup ,so stock blasting upwards.

Lesson learnt: Don't study candlestick patterns in isolation.
 

amitrandive

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