Learning to catch High Probability Breakouts

[Ankho Dekhi]

TATAMOTORS Weekly Chart

 

[Ankho Dekhi]

Hi Amit ,

Please share your thoughts on TATAMOTORS,HINDALCO/BPCL/SAIL and CEAT stocks.
I am posting charts on Spot prices.Please advise when you get time

SAIL on Weekly Chart

SAIL on Hourly Chart

BPCL on Daily Chart

 

[indianbank]

Yearly breakout live example WEEKLY CHART USD VS INR.....
charts shows clear weakness of INR

 

[amitrandive]

Weekly Chart of TataMotors

Weekly Chart of Hindalco

Weekly Chart of BPCL

Weekly Chart of Sail

Weekly Chart of Ceat Tyres

Out of the above following only BPCL and Ceat in an uptrend while all the others in a strong downtrend.

 

[amitrandive]

TechM

Daily Chart of TechM

Weekly Trendlines/Support/Resistance=Blue Colour
Daily Trendlines/Support/Resistance=Yellow Colour

TechM has bounced from a Weekly support level ,need to watch further price action

Good bounce need to see , if this is sustained .

Daily Chart of TechM

Weekly Trendlines/Support/Resistance=Blue Colour
Daily Trendlines/Support/Resistance=Yellow Colour

Seems good progress towards the upper resistance.


Discalimer: This is not a trading call.

Daily Chart of TechM

Just to show that catching breakouts is possible,only needed is a simple system with discipline and patience.

TechM reaching a resistance level.A trade of 100 Rs

 

[amitrandive]

CNXPSU Bank

Daily Chart of CNXPSU Bank

Weekly Trendlines/Support/Resistance=Blue Colour
Daily Trendlines/Support/Resistance=Yellow Colour

All PSU Bank stocks blasting up.A retest of the trendline for CNX PSU Bank.Need to see whether this sustains or fizzles out.

 

[sunny_cool]

BANK NIFTY ~ WEEKLY

Seems its ready to break upside....lets see

 

[nitingosavi]

maruti, may be a scope of finding short term top here...?

axisbank it bounced from supports @ 556 made a low of 555.

auropharma fallen good after the chart posted and recovered
TCS rided a day and fallen !

similar story with the charts posted bajaj auto/sbi /heromotors /cipla/pnb/tatamotors and some more.. and yes nifty also !

though i earned something the trend/trade never sustained for more than 1/2 days. means something is going wrong with my chart readings. but what?? that i am not understanding.

 

[indianbank]

Good morning friends...
Stock: Ashokleyland ( Already mentioned by Amitji and other seniors )
looks good on charts.... Give a try

 

[timepass]

Good morning friends...
Stock: Ashokleyland ( Already mentioned by Amitji and other seniors )
looks good on charts.... Give a try

That's right, but check your entry point - it has had an almost straight run from 64 to 92.