Learning to catch High Probability Breakouts

[amitrandive]

High Probability Breakout


Daily Chart of JSWSteel

10 Min Intraday Chart of JSWSteel

Box breakout , mostly a double bottom around the support level.Gave a day trade of around 2%.
Respecting the support and resistance lines very well.

 

[amitrandive]

Sectoral Chart Review


Daily Chart of CNX Metal

Similar pattern on most metal stocks ,giving good day trade opportunities today.

SSLT,JindalSteel,Hindalco,Sail,JSWSteel,CoalIndia,TataSteel giving good day trading setups.

 

[amitrandive]

 

[amitrandive]

Box Breakout


Daily Chart of Yesbank

15 min Chart of Yesbank

 

[amitrandive]

 

[amitrandive]

 

[amitrandive]

Sectoral Chart Review


Daily Chart of CNX Metal

Similar pattern on most metal stocks ,giving good day trade opportunities today.

SSLT,JindalSteel,Hindalco,Sail,JSWSteel,CoalIndia,TataSteel giving good day trading setups.

Metal Sector Reversal or Short Covering ?

Good gains in metal stocks today,in an otherwise flat market.
Is this a reversal or a short covering ?

Our previously drawn support/resistance lines are still valid.


Daily Chart of CNXMetal on 1/1/2015

 

[laotze]

Metal Sector Reversal or Short Covering ?

Good gains in metal stocks today,in an otherwise flat market.
Is this a reversal or a short covering ?

Our previously drawn support/resistance lines are still valid.


Daily Chart of CNXMetal on 1/1/2015

Refer your previous support and resistance post...as mentioned by you...falling trend...always you should sell at Resistance technically (as mentioned by you AUD/NZD currency technical chart)...so...i feel short covering rally.

 

[amitrandive]

Refer your previous support and resistance post...as mentioned by you...falling trend...always you should sell at Resistance technically (as mentioned by you AUD/NZD currency technical chart)...so...i feel short covering rally.

Thanks for your views laotze.
Let us see what happens ahead.
:thumb:

 

[ethan hunt]

Hi,
Suppose I have identified 10 stocks with breakout/breakdown levels.
Now as we know the stock can languish below the break out level for days.
How to catch the stock as soon as it breaks that level ?
We can not sit & watch all the stocks simultaneously.
I was looking for some procedural steps to do so.
Every day the list of stocks goes on increasing as new patterns are formed everyday.
Have missed big moves just because was not able to catch the stock intime or was not watching that particular stock that day.
My trading terminal does not have alerts facility.