Learning to catch High Probability Breakouts

[Rish]

Does this also involve not putting a physical stop in the system.Because the trail stop would have been hit already?

Definitely, always candle close................

 

[Rish]

Yesterday Breakout Candidate BPCL final breakout level 461....target 503...s/l 434.80..

Today Breakout Lupin 976...target 999.25 and 1035....s/l 951.25....

 

[amitrandive]

Yesterday Breakout Candidate BPCL final breakout level 461....target 503...s/l 434.80..

Today Breakout Lupin 976...target 999.25 and 1035....s/l 951.25....

Thanks Rish

Will study and post charts

 

[amitrandive]

Definitely i book profit and exit, why we should break our head...if the trend is changing....we should obey the rule......

We are not the creators of the trend....if market says...we have to accept...

A very apt quote for this .

 

[amitrandive]

 

[amitrandive]

Potential Breakout Candidate

BPCL-1

Current CMP:475(Entry Price:465.821/4/2014 EOD price)
Action:Buy
Stop Loss:435
Probable Targets: 503,530
Reasons for trade:Above 20 day Moving average,Rising Volumes,Breakout above multi bottom.

 

[amitrandive]

Potential Breakout Candidate

LUPIN-1

Current CMP:986.2(Entry Price:976 ,21/4/2014 Open Of day price)
Action:Buy
Stop Loss:950
Probable Targets: 1000,1035
Reasons for trade:Above 20 day Moving average,Rising Volumes,

 

[amitrandive]

@Rish

Need advice about the following

Long:
ICICI Bank,Kotak Mahindra Bank,BankofBaroda,UltratechCement

Short:
Wipro

Please post as per your convenience.

 

[amitrandive]

Latest Position

@ Rish

Many Scrips like Abirlanuvo-I shows the Futures price below the Spot price , is that a point to book profits?

 

[Rish]

@Rish

Need advice about the following

Long:
ICICI Bank,Kotak Mahindra Bank,BankofBaroda,UltratechCement

Short:
Wipro

Please post as per your convenience.

Ultratech Cement - No Long..........

ICICI, Kotak Mahindra Bank, Bank of Baroda all are in long - But, i will not initiate fresh long here.......because Nifty has to break final breakout....

Better keep quit and avoid long here...