Learning to catch High Probability Breakouts

[timepass]

That gap was a classic island reversal. A larger view may indicate something bad waiting to happen in the scrip. It has doubled in a very short time.

 

[niftyaajkal]

That gap was a classic island reversal. A larger view may indicate something bad waiting to happen in the scrip. It has doubled in a very short time.

Sorry, I do not find any such thing.
May be I am not able to visualise, what you are visualising.

For short/medium term, till the scrip is above gap line, its buy on dip.

Yes the gap is a classical one.

 

[Reyansh]

Bank Nifty Future 5 min chart with Slow Stochastic Indicator and a nice triangle:

 

[Reyansh]

Nice break out to the down side on Bank Nifty Future. However, in the above picture the triangle was shown, but there is an other huge chart pattern hidden. When doing analyzes on the 15 min TF on BNF, it was clearly seen. I made those analyzes after I posted the above. Now what was hidden in the above chart?

It was a huge "Head and shoulder" pattern on this five min TF from BNF. Clearly spoken: There was shown this triangle and at the same time we had the nice and well formed HaS pattern:

Now interestingly there is more information about how the script and those nice HsS pattern acted. I made it visual on the following picture which shows BNF 15 min TF. Details on the HaS pattern you will find here http://thepatternsite.com/hst.html

 

[niftyaajkal]

Do not want to comment on this HnS pattern (2nd image)

But will certainly ask where lies the neckline

 

[ravi2126]

Alembic ltd near breakout ..may b good return next 15 days

 

[TraderLearner]

What are your views on Wockhardt Pharm ? Does it look good to breakout and head towards 1200 levels ? It seems it has consolidated a lot over the past few weeks and all MA's seem to be coming together.

 

[timepass]

TaMo is pretty hot these days, but will it fill that gap in 500-510 region ?

 

[sunny_cool]

ELECON ~ DAILY

TL break with ok volume... also out of consolidation range with weekly close.... will it continue upmove ?

 

[trade4putuval]

ELECON ~ DAILY

TL break with ok volume... also out of consolidation range with weekly close.... will it continue upmove ?

Just my view. Normally if a recent high is broken by a long candle, it targets the next swing high. Looking at the chart, the next swing high is somewhere near 72 (Check Feb price). So decision can be taken only if that swing high (Feb Swing) is broken by a big candle, in which case, the next swing high is near 90 (Dec Swing).