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breakout

Discuss breakout at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by cmlee karthik, is there a way to email to you for further ...


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  #111  
Old 24th September 2005, 12:49 PM
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Default Re: breakout

Quote:
Originally Posted by cmlee
karthik,
is there a way to email to you for further discussion?
Cmlee

My email ID is karthik.marar@gmail.com

regards

karthik
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  #112  
Old 1st October 2005, 11:55 PM
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Default Re: breakout

Quote:
Originally Posted by saint
Hi cmlee,
To put it simply,when a stock hits a particular level without being able to take it out,that level is termed resistance.When that resistance is taken out,it's called a breakout.Now this breakout should hold this particular resistance level which has now become its support.If prices pull back to support and then breaks through it and falls,this breakout is now a false breakout.This false breakout is also called as BULL TRAP.

The Bull Trap is a failure pattern..........not only is it time to sell your long position,it also is time to short some.Vice versa with a bear trap.

All the best!
Saint
Hi saint

A good example of a Bull Trap...recent breakout in Ajantha Pharma.. enclosing the chart..

Regards

karthik

Last edited by karthikmarar; 20th May 2008 at 12:35 AM.
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  #113  
Old 2nd October 2005, 08:04 AM
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Default Re: breakout

does it means that if a stock break below its resistance twice is considered as a bull trap?
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  #114  
Old 2nd October 2005, 06:45 PM
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Default Re: breakout

Quote:
Originally Posted by karthikmarar
Hi saint

A good example of a Bull Trap...recent breakout in Ajantha Pharma.. enclosing the chart..

Regards

karthik
Hi Karthik,

Very nice...........yep,a bull trap as you correctly point out.That breakout above the reistance level of 95 got all the bullish traders in relishing at the expected breakout.Then prices fell back to the 95 area as expected which now should have been support.The prices getting slammed down negating that whole wide range bar on the weekly on the other hand is not to expectations.The bulls are trapped as they go into hope mode and pray that prices come up so that they can exit........A Bull Trap has therefore been produced.

As far as this stock is concerned,for now it's intermed uptrend is over.It is still in along term uptrend but that bearish candle on the monthly doesn't augur too well for the next few mths.

Nice one,Karthik.........keep throwing these patterns up!!Very nice!!

Saint
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  #115  
Old 4th October 2005, 02:21 AM
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Default Re: breakout

BREAKOUT WATCH


VARUN SHIPING

The stock brokeout nicely on the 27th and close at 63. Then came the reaction pullback with lower volumes and it dropped to 56.95. Today it is in the resolution phase and touched 61.1 with huge volume. Watch this one.

IGL

This one has just broken out. Jumped from 117 to 130 in two sessions with good increase in volume. Put this on your watch list.


Cromption greaves

This one has a nice breakout 628 to 685. now dropped back to 642. It is a wait and watch...whether it will bounce back it good volumes.


Amit, Saint any views on these.....

regards

karthik
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  #116  
Old 4th October 2005, 10:37 AM
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Default Re: breakout

Quote:
Originally Posted by karthikmarar
BREAKOUT WATCH
VARUN SHIPING

The stock brokeout nicely on the 27th and close at 63. Then came the reaction pullback with lower volumes and it dropped to 56.95. Today it is in the resolution phase and touched 61.1 with huge volume. Watch this one.

IGL

This one has just broken out. Jumped from 117 to 130 in two sessions with good increase in volume. Put this on your watch list.


Cromption greaves

This one has a nice breakout 628 to 685. now dropped back to 642. It is a wait and watch...whether it will bounce back it good volumes.


Amit, Saint any views on these.....

regards

karthik
Hi Karthik...some nice picks here, friend.
Varun Shipping looks good on both weekly and daily charts. 64-65 is the point to cross, and a clear run then.
IGL...great move, and should the trend continue, 150-160 in the near to mid term.
Crompton...again the trend is strong...looking good for 690 which it has tested, and watch it near these levels.
Great finds, Karthik!
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  #117  
Old 4th October 2005, 09:33 PM
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Default Re: breakout

Quote:
Originally Posted by karthikmarar
BREAKOUT WATCH


VARUN SHIPING

The stock brokeout nicely on the 27th and close at 63. Then came the reaction pullback with lower volumes and it dropped to 56.95. Today it is in the resolution phase and touched 61.1 with huge volume. Watch this one.

IGL

This one has just broken out. Jumped from 117 to 130 in two sessions with good increase in volume. Put this on your watch list.


Cromption greaves

This one has a nice breakout 628 to 685. now dropped back to 642. It is a wait and watch...whether it will bounce back it good volumes.


Amit, Saint any views on these.....

regards

karthik
Hi Karthik,

Sorry.......missed this post.Basically nothing to add to your comments.All nice breakouts........so far so good.

Great finds as always!!

Saint
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  #118  
Old 6th October 2005, 02:21 AM
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Default Re: breakout

Breakout watch

NIIT – Broke out 22 points. A nice pull back would provide good entry points. Wait for confirmation of breakout.

MRO-TEK, Broke out 10 points on huge volume. Past 85 this can see higher levels

HMT – Broke out 17 points on good volume. A nice pull back should provide good entry. Wait for confirmations of breakout.


MTNL - Put this one on watch list …looks poised for a breakout

As usual Amit and Saint looking forward to your views

karthik
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  #119  
Old 6th October 2005, 07:11 PM
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Default Re: breakout

how to determine if we can enter a stock after breakout?
is there anyway to predict the upside?
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  #120  
Old 7th October 2005, 11:10 PM
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Default Re: breakout

Quote:
Originally Posted by cmlee
how to determine if we can enter a stock after breakout?
is there anyway to predict the upside?
Lee

The ideal time to enter the stock after breakout will be in the resolution phase.

Please go the the following post of Amit on breakout...the best explanation I have come across on breakouts

http://www.traderji.com/showpost.php...0&postcount=55

karthik
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