Learning to catch High Probability Breakouts

[amitrandive]

BataIndia


Daily Chart of BataIndia

Strong performers like BataIndia feeling the heat of market correction.
Sharp correction after breach of 20EMA.

Bata India Long Term Investment (Demand Zone) initially activated in 2009 March.

If March 2015 (Monthly EOD Close), it closes below 1245 level...then long term trend going into Supply Zone.

The above analysis is to share my personal view based on chart pattern and not a trading call.

Daily Chart of Bata

Weekly trendlines/support resistance lines =Blue
Daily trendlines/support resistance lines =Yellow


BataIndia reaching 52 Week lows today.This is critical support level.Need to see what it does further.

 

[Rish]

Daily Chart of Bata

Weekly trendlines/support resistance lines =Blue
Daily trendlines/support resistance lines =Yellow


BataIndia reaching 52 Week lows today.This is critical support level.Need to see what it does further.

Any rise sell. Today exactly trading near long term 1st support 990...(spot)

Now Range between 990 to 1196...(990 - 1048 - 1087 - 1148 - 1196).

Ultimate it has to reach and validate 769.

 

[amitrandive]

..contd

5) Rounded Bottom:

http://ibankcoin.com/chart_addict/2009/05/11/7-common-breakout-patterns-educational/

This pattern takes months, even years, to develop. The pattern is created by a downtrend, followed by a sideways neutral range. When the right side of this “saucer” develops, it will be obvious that the stock/market wants to go up. There should be a massive increase in volume on the breakouts following the final completing of the right side of the pattern. Shorts will cover their positions as they realize that they can no longer profit from the stock.

When the multi-month base is forming, the main moving averages should catch up to the stock. They should level off and start heading higher and support the stock as a “launching pad” for continuous breakouts.

 

[amitrandive]

Intraday Trade in Yesbank

5 min Chart of YesBank

Traded in YesBank due to results yesterday.Booked good profit ,but also missed the last phase of the breakout.

 

[Sizzle]

Pls post your views on Cera today huge fall.,
thank you

 

[Rish]

..contd

5) Rounded Bottom:

http://ibankcoin.com/chart_addict/2009/05/11/7-common-breakout-patterns-educational/

This pattern takes months, even years, to develop. The pattern is created by a downtrend, followed by a sideways neutral range. When the right side of this “saucer” develops, it will be obvious that the stock/market wants to go up. There should be a massive increase in volume on the breakouts following the final completing of the right side of the pattern. Shorts will cover their positions as they realize that they can no longer profit from the stock.

When the multi-month base is forming, the main moving averages should catch up to the stock. They should level off and start heading higher and support the stock as a “launching pad” for continuous breakouts.

Gold almost make formation like this....soon...

Almost monthly, trend is set...now...formation may happen in daily..

Watch..

 

[maneverfix]

Gold almost make formation like this....soon...

Almost monthly, trend is set...now...formation may happen in daily..

Watch..

Rish,

Can you post the chart?

Regards

 

[PUCHU_2500]

..contd

5) Rounded Bottom:

http://ibankcoin.com/chart_addict/2009/05/11/7-common-breakout-patterns-educational/

This pattern takes months, even years, to develop. The pattern is created by a downtrend, followed by a sideways neutral range. When the right side of this “saucer” develops, it will be obvious that the stock/market wants to go up. There should be a massive increase in volume on the breakouts following the final completing of the right side of the pattern. Shorts will cover their positions as they realize that they can no longer profit from the stock.

When the multi-month base is forming, the main moving averages should catch up to the stock. They should level off and start heading higher and support the stock as a “launching pad” for continuous breakouts.

Rounding Top

 

[amitrandive]

Pls post your views on Cera today huge fall.,
thank you

Daily Chart of Cera

Weekly trendlines/support resistance lines =Blue
Daily trendlines/support resistance lines =Yellow

Correction in the markets causing almost every stock to correct.
Cera reaching a support level on Weekly timeframe.Looks a good uptrending stock if it can bounce from this level.
If it breaks this level further downfall can be expected.

 

[amitrandive]

Shared By XRay27

Trading is mostly mental discipline:BE PATIENT ,let the trade setup come to you ! and remember you need only a few good trades a day to make your daily pay.
So be PATIENT ! So try today:be super PATIENT and stalk for that perfect setup to trade.concentrate on the entry and every thing else will be much easier