Learning to catch High Probability Breakouts

[ajeetsingh]

Can we BUY (positional) CAPF at cmp 556.50 ???


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[amitrandive]

Potential Breakout Candidate

Aditya Birla Nuvo
BSE: 500303 | NSE: ABIRLANUVO | ISIN: INE069A01017 | SECTOR: TEXTILES - MANMADE

Current CMP:1070
Action:Buy
Stop Loss:1030
Probable Targets: 1160,1200
52 Week High:1291
52 Week Low:930.15

Reasons for trade:Above 20 day Moving average,Rising Volumes,Price forming Higher Low.

Daily Chart

Stocks repeatedly give us the same patterns ,

Price making higher low,indicating reversal from downtrend and price breaking 20EMA.

Are we watchful enough to catch such breakouts again ?

PS: Stock split recently so watch with split adjusted chart .

 

[newuser_RK]

Is there a way that we can monitor these stocks with averages so that we don't miss these moves

Sent from my AO5510 using Tapatalk

 

[anil_s_trivedi]

Daily Chart

Stocks repeatedly give us the same patterns ,

Price making higher low,indicating reversal from downtrend and price breaking 20EMA.

Are we watchful enough to catch such breakouts again ?

PS: Stock split recently so watch with split adjusted chart .

Dear amit,

In my sharekhan TT it is still showing old values...It has not split, but demerger happened...so how the ratio got decided...Am i missing something...

I am getting different values from different sites post demerger arrangement...stockcharts showing different values...
I mean i checked values for 8th jan-2016 OHLC it is getting different on different sites...
Inw site showing Closing as 1126.05
while other one is showing as 1130.85

Plz clarify...

 

[vagar11]

FINCABLE.....

How are you scanning so much stocks? Do you have any program to scan these stocks ?

 

[amitrandive]

Dear amit,

In my sharekhan TT it is still showing old values...It has not split, but demerger happened...so how the ratio got decided...Am i missing something...

I am getting different values from different sites post demerger arrangement...stockcharts showing different values...
I mean i checked values for 8th jan-2016 OHLC it is getting different on different sites...
Inw site showing Closing as 1126.05
while other one is showing as 1130.85

Plz clarify...

Yes Anil Sir

It is not split,it is actually demerger of business.

http://www.business-standard.com/ar...-ex-scheme-of-arrangement-116012000210_1.html

http://articles.economictimes.india...nuvo-ltd-equity-pantaloons-fashion-retail-ltd

NSE site shows closing of 2065.65 on 19th Jan 2016 and 882.15 on 20th Jan.

Charts on some sites like Moneycontrol and Economic times show this drop in the charts.

Charts on http://chartink.com/stocks/abirlanuvo.html showing the ratio adjusted .



Thanks for pointing this out.Need to check at other few locations.

Ideally for checking chart patterns etc for us , think it would be helpful to use the spilt/demerger adjusted chart as the original chart would be highly skewed.

 

[amitrandive]

How are you scanning so much stocks? Do you have any program to scan these stocks ?

Sirji

He has already mentioned that these stocks are breaking 52 Week high.

This data available on almost all websites,no need to scan.

 

[amitrandive]

Is there a way that we can monitor these stocks with averages so that we don't miss these moves

Sent from my AO5510 using Tapatalk

You can create Amibroker AFL/Metastock exploration or any such scan in the other trading softwares to explore such scans with whatever moving average you want.

 

[amitrandive]

Sharing an old post,so true !!!

 

[amitrandive]

An eyeopener !!!
:clapping::clapping::clapping: