Learning to catch High Probability Breakouts

[amitrandive]

Another Price Action Gem


Weekly Chart of LicHsg Finance

Daily Chart of LicHsg Finance

Pure price action on Support/Resistance.
Do we need any indicators or any complicated analysis for going long on this stock?

 

[amitrandive]

News Based Trading


Kotak Mahindra-ING Vysya Bank deal:
http://articles.economictimes.india...6339938_1_merger-deal-kmb-kotak-mahindra-bank

Weekly Chart of IngVysya Bank

Daily Chart of IngVysya Bank

News based event of Kotak Bank taking over Ingvysya Bank.

Is any complicated analysis needed to go long in Ingvysya.

See Weekly chart of IngVysya Bank.Breakout above our marked resistance 670.
52 Week high break at 677.5 on 7/11/2014.Good trigger to go long.

News of takeover released on 21/11/2014.Good time to exit with profits.
In the above example we use news to book profits, since news release will be accompanied by heavy profit booking in an already run up scrip.

 

[saakk]

News Based Trading


Kotak Mahindra-ING Vysya Bank deal:
http://articles.economictimes.india...6339938_1_merger-deal-kmb-kotak-mahindra-bank

Weekly Chart of IngVysya Bank

Daily Chart of IngVysya Bank

News based event of Kotak Bank taking over Ingvysya Bank.

Is any complicated analysis needed to go long in Ingvysya.

See Weekly chart of IngVysya Bank.Breakout above our marked resistance 670.
52 Week high break at 677.5 on 7/11/2014.Good trigger to go long.

News of takeover released on 21/11/2014.Good time to exit with profits.
In the above example we use news to book profits, since news release will be accompanied by heavy profit booking in an already run up scrip.

Did you took the trade?

 

[amitrandive]

Did you took the trade?

No , I trade only stocks of F&O list.
For trades which I have taken , I have mentioned in the relevant posts.

 

[PUCHU_2500]

 

[amitrandive]

Weekly Chart of DLF

Daily Chart of DLF

If sustained levels of 180-200 are possible.
Ok for a short term trade,but doubtful for investing as still below 100EMA.
Ideally would like to see it cross and take support near 155 level to go long.

 

[saakk]

Every pb is an opportunity to short on daily TF as long as price is below its lsl (last swing low) of weekly. If you want to take a long then trade 60 min wit keeping daily tf swings in mind, though long trade on 60 is already triggered around 120-125 something.

 

[amitrandive]

Good Swing Pattern

 

[amitrandive]

My Intraday Trade in PNB on 28/11/2014


5 min Intraday Chart of PNB on 28/11/2014

 

[amitrandive]

5 min Chart of CNXPSU Bank on 28/11/2014

CNXPSUBANK 5 min chart similar to PNB 5 min chart.

As the Index gave a breakout , all PSU Banks gave a good breakout worth day trading.