Learning to catch High Probability Breakouts

[sunny_cool]

IRB ~ DAILY

Can b good buy abv yesterday's high ?

 

[mindgames]

Engulfing bull in Tata steel daily. If keeps up, looks good for more upside.

The monthly also shows a nice hammer and is not bearish.

Does it look good for long term accumulation with SL below 300 ? or maybe buy after a significant break of 336 (the members here pointed to 312-336 range)

Weekly

 

[amitrandive]

 

[amitrandive]

Dear Amit,

These are patterns of consolidations and it works in any environment...but better works when overall market trend in same direction...Example, if Nifty in bull run then prefer longs only...and if index is bear run then prefer shorts...Consolidation in bear market dont have appetite to hold longer, as uneasiness among long holders force them to liquidate at every small pull too...

In bear markets shorting candidates are those who had very good bull run...as big players will try to exit at each consolidation and fall will be much smoother...

There is pattern working in bull/bear markets...you need to study...In bull markets, stocks open lower(small gap downs if any) and move to close near its highs...while in bear markets, stocks opened higher(with small gap ups if any) and move to close towards its lows...

The crux of trending markets !!!

So in bull markets we should always buy low and sell high,i.e Buy on dips .
And in bear markets we should sell high and buy low,i.e Sell on rise

:clapping::clapping::clapping:

Good discussion with Anil Sir !!

 

[mindgames]

moderator pl delete

 

[mindgames]

Dish TV daily

 

[indianbank]

Hi friends...good evening once again
-----------------------------------------
(positional trading with 10 lakh rs.... Planning 35-40 stock portfolio with 90 days time period)
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Today i entered positions in
5.Kohinoor food
6.Shilpi cables

so now i have 6 stocks... all are 52 week breakout....
Lets see how these bulls perform... i wish all the best to my bulls....

 

[amitrandive]

Thanks, now we need to wait and watch price action.

AmbujaCements Weekly

Looks like a small ascending traingle in AmbujaCements daily Chart.
Need to watch out for breakout.

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

 

[Rish]

IDEA, I feel, it may validate previous breakout level 84.70 sooner or later as per price action from top..

Normally previous breakout levels are giving solid reversals (entry points) with minimum risk..

The above information is not a trading call. For knowledge purpose...

One more Script like IDEA is Ipca Lab....Bottom Previous Break Out Level 280.50...

 

[amitrandive]

https://www.youtube.com/watch?v=Oz7HtlLmkU0

Must watch video for all traders !!!