Learning to catch High Probability Breakouts

[nitingosavi]

Friends, I don't have any rule based method of analysis.
Mainly my probable trades are based on visual analysis. which consists mainly what is easily readable on a chart. patterns/ trend lines /sup / res etc. trend line retest and later secondary trend line break generally gives me very good results.

here is a chart marked with, which are easily readable chart symptoms according to me.

Cipla .. I will surely sell it at my risk digestible zone or may buy put, or may write some calls !

CIPLA daily cash. 615 looks really crucial.

 

[ludhianewala]

Reliance in resistance zone.

 

[amitrandive]

Here amit ji

u can see price showing no respect for 100 DMa, so it might be suicidal to short every time around 100 Ma,

Also in second chart u can see the bar near resistance is green bar so there might be chance that it may cross resistance next day, so people try to take a close for second day which closed around 7800, so it can be calculated a good 200 point sl around 8000.

AnilJi

Nothing is suicidal in trading if you have the proper risk management and stop loss.
We should not be so foolish to short at every pullback of 100 or 20 EMA.Price action should support that move.

Every trade is a probability and not surety,hence we need to walk carefully with our stops in hand and preserving our capital.

Every swing trader is also active in Intraday with stop losses and exits at the right time.

Sometimes ,the stop losses are big for swing traders,but the rewards are also big.And it is not 100% position that a swing trader carries after being in a good profit position.He books partial or full profits and also hedges his positions.These topics are out of subject for this thread,but professional traders know what they are doing and act accordingly.

 

[nitingosavi]

bought 7600 PE(s) @ 103

booked @ 164 :clap::clap:

 

[amitrandive]

Dear Amit sir can you throw some light on

Low volume, moderate volume , high volume = how much % of yesterday's volume or average volume
Regards Mukesh

A very experienced trader once told me to use a moving average to assess the volume changes.

See an example

 

[amitrandive]

BSE AUTO:

Monthly is yet to give sell signal. Weekly in Sell mode. Momentum wise, any rallies will get into sold into. safe above 18200 only.

Below 16700-800 more weakness will creep in auto.

BSE BANKEX:

Monthly sell, weekly sell,daily sell...
Momentum wise, sideways to down...


BSE Capital Goods:

One of sectors where, more of selling brunt by this sector. I would love to see bottom formation in this sector, going forward, its purely on momentum oversold basis. Price action still in progress...

BSE Consumer Durables:

Monthly buy, Weekly Sell..daily sell mode...It means Higher timeframe in buy mode, so its best to buy once index tests 11700 levels...
Breaking thiss can test lower till 11300 levels...

BSE FMCG:

Monthly sideways, weekly sell...daily sell mode...
Momentum wise, stay selective in this sector...

BSE HC:

Monthly Sell, Weekly sell, daily sell...
Momentum wise, i am bearish on this sector. A lot of overrun already done here...Any rally here is likely sold into...

BSE IT:

A weak close resulted into sell on rallies here, a repeated rallies failing into...stay selective if going long...

BSE Metal:

This is one where we nail it earlier, when momentum got improved and we got good sector longs into...

On daily a good momentum being playing out here. Again due to overhead debts in this industry, stay selective here also...

BSE Oil&Gas:

Stay positive as long as 9250-9300 being supportive.


BSE Power:

Again good longs here, on fall try to get foot into here...


BSE Realty:

Strength above 1370 levels...Support at 1280 zone, if sustains below this...more levels will come into...

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2016 started on a dicey note , be selective in stocks, as i am scanning into, lot of stocks seems to be in weakness mode still...While some from same sector may outperform...

Sectoral Analysis by Anil Sir !!!
:clapping::clapping::clapping:

 

[vikas2131]

Any view on nifty now... are we experiencing a spring or 7200 looks with in reach ???

 

[nitingosavi]

we are at long term sentimental support.
a bounce/ consolidation may happen.

I guess levels to watch carefully is 7533-7560-90 (nifty futures) price grinding/ rejections here may lead to further fall.

overall 7400 to 7500 looks very crucial for spot nifty.

 

[revendar]

They are manging index with ADAG and axis.
Watch out some heavy weights may come to rescue.
Also 7400 puts huge oi added. So limited downside till some oi dissolves.

 

[amitrandive]

They are manging index with ADAG and axis.
Watch out some heavy weights may come to rescue.
Also 7400 puts huge oi added. So limited downside till some oi dissolves.

They,who are they ???