Learning to catch High Probability Breakouts

[ravi2126]

It always create confusion in my mind,should i consider wick or tail whenever i draw res/sup or any trendlines,,pls guide seniors....explain with example if possible

 

[indianbank]

52 Week breakout
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(those who dont know how to take this kind of trades ... then ignore this)

 

[nikki5_me]

52 Week breakout
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(those who dont know how to take this kind of trades ... then ignore this)

Good pick, Pricol is something in my watchlist. Tracking some more and will try to post later tonight. Congratulations on your portfolio performance, great picks :thumb:

BTW, Uflex also gave a breakout and seems a decent pick, check that

 

[anilnegi]

52 Week breakout
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(those who dont know how to take this kind of trades ... then ignore this)

indianbank
i too holding from 66, what is this 118 line indicate
also if possible, can u summarize your whole pf with entry

thanks

 

[mindgames]

it means tomorrow closing must b important,
should b closed above today high ?

We can't say with certainty. Ideally, price should show support at the resistance level for a couple of sessions (could even be a week) and then start rising.

However, couple of other possibilities are there:

- Price may reverse and fall back below resistance.

- May shoot up with a near vertical move.

- May get range bound at the next level

So, you have to plan accordingly - keeping in mind various possibilities.

Important thing to keep in mind is that resistance / support are areas and not a horizontal line.

I've made this mistake a LOT - getting excited on breach of a resistance/support line (usually a horizontal line right at the top/bottom of the wick) and entering trades.

 

[indianbank]

indianbank
i too holding from 66, what is this 118 line indicate
also if possible, can u summarize your whole pf with entry

@ 66 rs its amazing.. i congratulate you for perfect execution...
Red line is Fibonacci extension you can/cant consider it as target... its your personal choice... i never consider it as target ... so i am not much bothered...
Portfolio with entry? previously i was posting my entry price ...recently i stopped it...

 

[nikki5_me]

Good Morning,

Here are the daily and hourly charts of UFLEX, it is showing a good strength after a range break out and also very good volume based buying

Only hourly charts, after retest of the broken levels, it is making higher highs and higher lows indicating it is in uptrend.

Again, this are only my view points and you might have a different view, do your own analysis and trade according to your Risk Management, other views are most welcome.

 

[nikki5_me]

Another stock which is looking good

There is a good delivery volume increase in this stock and seems its start of a rally and much steam left. I have a gut feel that we might see a rally similar to Sugar sector in Agro/organic stock shortly.

Again, these are only my view points and you might have a different view, do your own analysis and trade according to your Risk Management, other views are most welcome.

 

[nikki5_me]

JVL Agro is also looking good, delivery volume is good compared to its peers

There is a good delivery volume increase in this stock and seems its start of a rally and much steam left. I have a gut feel that we might see a rally similar to Sugar sector in Agro/organic stock shortly.

Again, these are only my view points and you might have a different view, do your own analysis and trade according to your Risk Management, other views are most welcome.

 

[nikki5_me]