Learning to catch High Probability Breakouts

Amit

Find Infy and CNXIT - Charts - Breakdown.....considered....







Still Infy is looking weak.....and TCS also looking weak.....Both are sell on rise candidate.......

Potential Breakout candidate
Zeel-1



Current CMP:263.8.Entry should have been on 11th April EOD price at 275.5
Action:Short
Stop Loss:280
Probable Targets: 255,240
Reasons for trade:Below 20 day Moving average,Near Lower Bollinger Band.

@Rish

Please provide your inputs on this.

Zeel - First Breakdown on 26th March 2014 - below 280.10, again second Breakdown 270.60 (15th April 2014 - I have told you to watch)......now next target is 258.04......Trailing S/l 270.60...

Rish

Are Infy and TCS both sell on rise as they are in a daily downtrend and CNXIT is bearish ?

Infy and TCS if we get opportunity in swing, always sell on rise....Definitely we have to take trade, there you should never think about nifty will touch 7000 or 8000.....if we get a chance we have to trade......

Today TCS results,nothing great has happened....always you should trade on level or breakdown instead watching...otherwise it is waste of exercise...

Again Mcdowells, i am waiting for a short chance...(not now)....my minimum target 2352.....Please note not now.....i will post my chart...when it breaks down....just study purpose, please read mcdowell chart...

Rish

I think all IT stocks breakdown is also caused by USD/INR , appreciation of INR vs USD.See chart.

Rish

You have really nailed it here.But sometimes , how do you distinguish between a very good high probability trade and an average trade?

Not like that, it happens everytime....

Even in 2008 crash - See USD / NIFTY chart you will get some message

In 2009 April - See USD / NIFTY chart you will get some message

Sep'2013 reversal - See USD / NIFTY you will get some message

Now, again USD / NIFTY chart will give you perfect indication of reversal....but, our mind will never accept, because everybody has fixed there mind nifty rally 8000..9000..10000+++++ (which nobody knows)..

My simple point is believe your theory ....don't be double mind in this market...doubting your method is weak and others methods are superior..