Learning to catch High Probability Breakouts

[amitrandive]

Banking Sector


Comparison of CNXPSU Bank Index with NIfty and Bank Nifty Indices.

 

[Riskyman]

Bharti Airtel testing support at 340 for the 4th time. CMP is 346. Also making a H&S pattern. Pattern breakdown decisively can take the stock to? THIS IS NOT A TRADING CALL. THIS IS INTENDED FOR EDUCATION PURPOSE ONLY.

 

[amitrandive]

Bharti Airtel testing support at 340 for the 4th time. CMP is 346. Also making a H&S pattern. Pattern breakdown decisively can take the stock to support marked with an arrow. THIS IS NOT A TRADING CALL. THIS IS INTENDED FOR EDUCATION PURPOSE ONLY.

Riskyman

Please post charts without mention of any targets.I suppose only horizontal lines may be ok.

Got a warning from moderator in this thread for posting articles.

 

[Raghuveer]

Riskyman

Please post charts without mention of any targets.I suppose only horizontal lines may be ok.

Got a warning from moderator in this thread for posting articles.

Please see this post by ST da in a different thread:

Yes you cannot post any buy/sell advice.

Targets if calculated on some scientific basis and the basis explained here....then ok...else it becomes tips and it is not allowed.

Smart_trade

 

[amitrandive]

Please see this post by ST da in a different thread:

Yes Raghuveer , saw that post.
But I feel we should not post any targets to avoid any future warnings.

Let us continue our education/learning/sharing in the normal way,without posting targets.

 

[Sunnyraj]

Can't we even post Support and Resistance Levels ?

 

[amitrandive]

Can't we even post Support and Resistance Levels ?

Yes , we can .But without mentioning the words buy,sell,targets and stop loss.

 

[ethan hunt]

Bharti Airtel testing support at 340 for the 4th time. CMP is 346. Also making a H&S pattern. Pattern breakdown decisively can take the stock to? THIS IS NOT A TRADING CALL. THIS IS INTENDED FOR EDUCATION PURPOSE ONLY.

WD Gann: The Fourth Time Rule

 

[amitrandive]

WD Gann: The Fourth Time Rule

Please elaborate.

 

[Riskyman]

Please elaborate.

Fourth time through a level of support or resistance is powerful and one should go with the direction. Means that if a stock is in a downtrend and testing support for the 4th time then your trade should be in the direction of the trend i.e short. Most likely the support may give way. Same with resistance.