Learning to catch High Probability Breakouts
- Thread starter amitrandive
- Start date
- Status
Can't say for sure.
The current surge in the stock is because its overseas arm acquires 47.78% stake in ADEO.Looks like a too risky stock with more than 50% stock being owned by promoters/institutions.
A dismal 3.16% quantity is with the Indian Public.
Shareholding Pattern in Redington.
The stock also surged because Reliance Mutual fund brought a huge quantity of this stock.
http://www.business-standard.com/ar...liance-mutual-fund-buying-114111100275_1.html
The current surge in the stock is because its overseas arm acquires 47.78% stake in ADEO.Looks like a too risky stock with more than 50% stock being owned by promoters/institutions.
A dismal 3.16% quantity is with the Indian Public.
Shareholding Pattern in Redington.
The stock also surged because Reliance Mutual fund brought a huge quantity of this stock.
http://www.business-standard.com/ar...liance-mutual-fund-buying-114111100275_1.html
Last edited:
..contd
6)Channels
The market is always in channels. Sometimes traders have to look at a higher time frame chart to see them, and most of them are not what most textbooks describe as channels. However, traders know what channels really look like and they are very flexible when they choose points to draw lines. Once they see two points, they draw a line and watch to see if the market reverses if it get back to the line. They are constantly erasing lines that the market is ignoring and are always drawing new ones.
Although 75% of of the time, a test of the top of bull channel is followed by a reversal down, sometimes there is a successful bull breakout. The trend then converts from a weak bull trend (a channel) back into a strong bull trend (a breakout).
When there is a strong breakout of a bull trend channel, traders must buy the stock market. This is the monthly S&P500 cash index candle chart.
6)Channels
The market is always in channels. Sometimes traders have to look at a higher time frame chart to see them, and most of them are not what most textbooks describe as channels. However, traders know what channels really look like and they are very flexible when they choose points to draw lines. Once they see two points, they draw a line and watch to see if the market reverses if it get back to the line. They are constantly erasing lines that the market is ignoring and are always drawing new ones.
Although 75% of of the time, a test of the top of bull channel is followed by a reversal down, sometimes there is a successful bull breakout. The trend then converts from a weak bull trend (a channel) back into a strong bull trend (a breakout).
When there is a strong breakout of a bull trend channel, traders must buy the stock market. This is the monthly S&P500 cash index candle chart.
Trend Indicators-Moving Averages
Many times Moving averages confluences are a great indication for breakouts.
For many people the question is how to catch breakouts in time.
The answer is that "It takes patience and hardwork".It is difficult to catch the breakout at the lowest low.But if you catch it ,it is highly rewarding.
Trend Indicators like moving averages always work on higher time frames.
Daily chart of TCS
Moving averages used are SMA20,50,100 and 200.
Check the circled areas for entry into a fundamentally strong stock at crossovers/confluence/retracements.
Weekly chart of TCS
Moving averages used are SMA20 and 50.
Check the circled areas for entry into a fundamentally strong stock at crossovers/confluence/retracements.
Just for education purpose only
Daily Chart of TCS.
The circled area in the Daily and Weekly Charts above is near about 2340-2360 levels of TCS.
Many times Moving averages confluences are a great indication for breakouts.
For many people the question is how to catch breakouts in time.
The answer is that "It takes patience and hardwork".It is difficult to catch the breakout at the lowest low.But if you catch it ,it is highly rewarding.
Trend Indicators like moving averages always work on higher time frames.
Daily chart of TCS
Moving averages used are SMA20,50,100 and 200.
Check the circled areas for entry into a fundamentally strong stock at crossovers/confluence/retracements.
Weekly chart of TCS
Moving averages used are SMA20 and 50.
Check the circled areas for entry into a fundamentally strong stock at crossovers/confluence/retracements.
Just for education purpose only
Daily Chart of TCS.
The circled area in the Daily and Weekly Charts above is near about 2340-2360 levels of TCS.
Last edited:
- Status
| Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
| D | Shared Learning: Swing Trading Wisdom for the Indian Market | Swing Trading | 0 | |
| N | Learning! | Beginners Guide | 16 | |
| N | Learning to trade(I'm new to this). | Beginners Guide | 0 | |
| N | Learning from zero | Beginners Guide | 11 | |
| F | Learning to Fish | Technical Analysis | 10 |
Similar threads
-
Shared Learning: Swing Trading Wisdom for the Indian Market
- Started by DeronWagner
- Replies: 0
-
-
-
-