Learning to catch High Probability Breakouts
- Thread starter amitrandive
- Start date
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My Learnings,Some Reflections
HindZinc-I also exit as very close to trail stop loss.
Could have exited HindZinc-I on 9th April 2014 at EOD Price 134.15 as not able to cross previous resistance.
ABIRLANUVO-I also should have exited on 11th April 2014 at EOD price 1152.85 as was not able to cross previous resistance.
See Charts for reference.
HindZinc-I also exit as very close to trail stop loss.
Could have exited HindZinc-I on 9th April 2014 at EOD Price 134.15 as not able to cross previous resistance.
ABIRLANUVO-I also should have exited on 11th April 2014 at EOD price 1152.85 as was not able to cross previous resistance.
See Charts for reference.
Some more learnings
The stocks selected should also be tracked with the Main Index CNX-Nifty or a broader Index like CNX-100.
The Weekly and Daily Chart of CNX-100 seems to show a bearish pattern.Maybe it is time we start looking for some shorts.
By Default both Index and Individual stock will be in the same track.....
CNX IT Breakdown from top on 7th March 2014 - Trend Change Break Down on 10th March 2014....as such CNX IT index is weak...
The stocks selected should also be tracked with the Main Index CNX-Nifty or a broader Index like CNX-100.
The Weekly and Daily Chart of CNX-100 seems to show a bearish pattern.Maybe it is time we start looking for some shorts.
By Default both Index and Individual stock will be in the same track.....
CNX IT Breakdown from top on 7th March 2014 - Trend Change Break Down on 10th March 2014....as such CNX IT index is weak...
Some more learnings
The stocks selected should also be tracked with the Main Index CNX-Nifty or a broader Index like CNX-100.
The Weekly and Daily Chart of CNX-100 seems to show a bearish pattern.Maybe it is time we start looking for some shorts.
By Default both Index and Individual stock will be in the same track.....
CNX IT Breakdown from top on 7th March 2014 - Trend Change Break Down on 10th March 2014....as such CNX IT index is weak...
The stocks selected should also be tracked with the Main Index CNX-Nifty or a broader Index like CNX-100.
The Weekly and Daily Chart of CNX-100 seems to show a bearish pattern.Maybe it is time we start looking for some shorts.
By Default both Index and Individual stock will be in the same track.....
CNX IT Breakdown from top on 7th March 2014 - Trend Change Break Down on 10th March 2014....as such CNX IT index is weak...
Do you propose correlating each stock with its Sectoral Index.For example correlate each IT stock with CNX IT?
Daily Chart of CNX-IT
Rish
Do you propose correlating each stock with its Sectoral Index.For example correlate each IT stock with CNX IT?
Daily Chart of CNX-IT
Do you propose correlating each stock with its Sectoral Index.For example correlate each IT stock with CNX IT?
Daily Chart of CNX-IT
Infosys Breakdown on 7th March
TCS Breakdown on 6th March
HCL Tech Breakdown on 3rd March
TechMah Breakdown on 7th March
Wipro Breakdown on 3rd March
Not necessary we have to correlate, normally it matches...
Still I will consider First Index......trend....rest everything follow the suit...
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