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| Discuss breakout at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Breakout Watch Vysya Bank This was moving sideways between 140 to 150 from April after ... |
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#121
8th October 2005, 12:26 AM
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Re: breakout
Breakout Watch
Vysya Bank This was moving sideways between 140 to 150 from April after a steep drop from 210. It jumped to 171 in three session with increasing volumes. Puling back in the last two session with decreasing volume. Wait for the resolution phase..when the stock starts moving up again on increasing volume. Stiff resistance exists at 175. NIIT. On the pullback now…Below the support level of 325….wait and watch.. HMT On the Pullback (Reaction Phase). Still Above the support level of 95. wait for the resolution phase.. Crompton Greaves Fell back to 116 .Today recovered to 625. Volume support is lacking.. TRIX has turned around downwards. MACD just crossed below the single line. 3 day MA crossed below the 13 day MA. This may move sideways in the short term. In my opinion the stock has to takeout 650 with good volume… MRO-Tek Continuing to move up with increasing volume. A pull back would offer good entry opportunity. IGL Looks like a classical breakout. Pulled back to 123 on decreased volume. Has entered resolution phase, Today jumped to 129 with increased volume. Time to enter I suppose…. This is just to throw more light on the current breakouts..not BUY recommendations  regards karthik 
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#123
8th October 2005, 01:28 PM
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Re: breakout
hi karthik, cmlee et al
nice 2 see one thread where there is not much clatter. actually lot many varied posts make it difficult to locate what one really needs. and guys u have a gr8 thread going with serious knowledge about breakout.  regards ragh_ash
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#124
8th October 2005, 08:29 PM
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Re: breakout
Quote:
The breakout started on the 12th the share price started to move up with increased volume. The stock rose upto .34 then started the pulback and came down to .31. Normally the pull back is on reduced volume. Stranhgely here the voulme shot up during the pull back. Then again the stock started rising on the 3rd. Again the intial rise was without much volume. after two session the volume also came in. This is resolution phase of the breakout. In very simple terms the price shoots up on high volumes (Action Phase)..Then there is pullback normally on low volumes (Reaction phase) and the the price rises agin accompanied by good volumes (Resolution phase). Don't look at the prices alone... look at the volume pattern also. Lee, Hope this is clear. karthik
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#126
8th October 2005, 10:26 PM
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Re: breakout
Quote:
Simplest way may be a trailing stop loss. In this particular case when you enter the trade the stoploss should be the point of breakout.. as the price rises keep raising your stoploss. Ride the trend as much possible. Finally when the trend turns down your stoploss will be taken out. Another way will be fix a profit margin and exit when you acheive it. But you lose the chance of getting more out of the trend... There are many ways... Please go the following thread by Traderji on exiting a trade.. http://www.traderji.com/showthread.p...hlight=exiting karthik
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#127
8th October 2005, 10:59 PM
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Re: breakout
Quote:
Thanks. http://www.traderji.com/showpost.php...postcount=1374
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#128
8th October 2005, 11:30 PM
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Re: breakout
Quote:
Another lession learnt...mmmm...wonder how I missed this one.. regards karthik
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#129
9th October 2005, 12:17 AM
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Re: breakout
Quote:
Thanks karthik
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