Learning to catch High Probability Breakouts

[Ankho Dekhi]

TATA STEEL Daily

 

[amitrandive]

AMIT'JI can you pls post res n support chart of L&T FINANCE with analysis...if possible.

Weekly Chart of L&T Finance

Does not look like a very pretty sight, stuck in consolidation since long time.

 

[amitrandive]

TATA STEEL Daily

Thanks for the Chart , but please use imgur or tinypic to upload your images and post the image link here.

The chart covers the entire page and have to scroll sideways

 

[amitrandive]

 

[timepass]

Rcom has cleared the 68 hurdle, but seems stuck around 70.

 

[amitrandive]

Thanks for the encouragement but I am still confused whether to buy right at the break out level or post retracement. But buy at bo will give a poor risk reward but it will guarantee a entry whereas retracement buying will give a better risk reward but it won't guarantee an entry.
So if stock becomes a rocket post bo you miss if you wait for a retracement, and if it falls you are gurantteed loss in both cases

If you are scared of losses , you will never be able to take an entry in any stock whether trending or consolidating.

 

[anilnegi]

Rcom has cleared the 68 hurdle, but seems stuck around 70.

Most disgusting stock and even this whole group.

thanks

 

[amitrandive]

Intraday Trading

 

[amitrandive]

 

[amitrandive]

Have you taken a loss? Forget it quickly. Have you taken a profit? Forget it even quicker! Don’t let ego and greed inhibit clear thinking and hard work. -
Linda Bradford Raschke