Learning to catch High Probability Breakouts

[niftychartreader]

Interesting to watch out for Coal India, whether it will go up or down from the resistance level after rising almost 3% intraday on 21/1/2015.

Daily Chart of Coal India.

Minimum 4-0-5

 

[amitrandive]

Trendline and 100EMA trade

Daily chart of Spot Nifty

A double bounce off the trendline and 100EMA ,gave a fantastic positional trade in Nifty.

 

[rajputz]

Trendline and 100EMA trade

Daily chart of Spot Nifty

A double bounce off the trendline and 100EMA ,gave a fantastic positional trade in Nifty.

Try looking for horizontal support and resistance for more accuracy. EMA SMA are based on past that has nothing to do with future. Also trendlines can be less predictive as it can fail and follow any angle and any HH LL or bottoms. In Horizontal Support and Resistance price follows simple rules. It must break it to move upward or downward below that certain point. My two cents.

 

[amitrandive]

Try looking for horizontal support and resistance for more accuracy. EMA SMA are based on past that has nothing to do with future. Also trendlines can be less predictive as it can fail and follow any angle and any HH LL or bottoms. In Horizontal Support and Resistance price follows simple rules. It must break it to move upward or downward below that certain point. My two cents.

Rajputz

Thanks for your valuable advice!!!
:clapping:

Weekly Chart of Spot Nifty

Daily Chart of Spot Nifty

 

[PUCHU_2500]

 

[amritak1952]

there is gap between74.45 and 76 in daily chart of dish tv though the candle indicate the bullish movement but any time it may come down to fill the gap at that stage one can judge the further movement, this gap may be because of good result or operator driven so it is advisible to wait for some time on opening and then decide the further action
amrit

 

[amibrokerfans]

 

[vickyjazz]

My first chart on traderji...

Indiabulls Real Estate
Looks like a breakout from a strong resistance zone with a gap opening on high volume.. likely target @ Rs. 82 which is nearest weekly resistance..

 

[amitrandive]

Interesting to watch out for Coal India, whether it will go up or down from the resistance level after rising almost 3% intraday on 21/1/2015.

Daily Chart of Coal India.

Coal India,still not able to clear the resistance level.Made a high of 394.7 today and closed at 384.Bounced back from a high of 400 on 23/1/2015

 

[amitrandive]

Breakout Analysis

Daily Chart of ZEEL

For Educational Purpose only

Zeel gave a breakout with intraday gain of 4.7%.
There is a resistance around 390 levels.Can give a good breakout beyond 390 levels.

Zeel still resisting 390 levels.