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Breakout/ Breakdown Trades |
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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Post: #901  Posted: Thu Sep 24, 2015 10:01 pm Post subject: |
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Sumesh Sol
Analyse GRANULES INDIA....in case u wish to....it may turn out to be a multi bagger!!!!!
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #902 Posted: Thu Sep 24, 2015 10:07 pm Post subject: |
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| amitagg wrote: | Sumesh Sol
Analyse GRANULES INDIA....in case u wish to....it may turn out to be a multi bagger!!!!! |
True Granuels too is in area where there is no support/resistance... Such stocks can go to any lengh until enough gravity pulls them back.. 
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sumesh_sol
Brown Belt
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #904 Posted: Fri Sep 25, 2015 10:48 am Post subject: Re: Mindtree 60tf |
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| sumesh_sol wrote: | Mindtree 60tf
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The stock gained confidence of bulls from 1200 to 1300 and made higher lows. From 1300 to 1400 it picked up momentum and positive interest looks very clear. The momentum picked up top gear while breaking resistance level of 1450/1470.
I expect it to reach 1570 sooner provided it doesn't move below 1430.(LTP-1473). Keeping fingers crossed... |
1602 it is ..in flat 2 days... MIND it !!
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sumesh_sol
Brown Belt
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Posts: 2344
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| Post: #905 Posted: Fri Sep 25, 2015 11:28 am Post subject: RECLTD..eod |
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RECLTD..eod
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Price was in confirmed downtrend, making lower highs
Last pivot @ 267.8 was broken and the level testing started. Next day was a red day indicating price may not sustain this pivot break. Next two days also did not give any confidence.
Please note a small breakout (BO) before pivot was broken. Now, essentially two set of buyers are trapped, one at BO level and second at pivot break level. Both will be under pressure to exit should price do not move up as per their expectation.
258 is the low of bullish candle (21.09.2015) , which if breaks, will force both set of longers to exit. BO buyers may even be tempted to stay put , but they will also appreciate that it was a downtrend which is more likely to continue again.
So essentially breaking 258 will create selling pressure and may cause price to move down 235 and 220 again.
However, if bulls are strong and manage to break 280 on upside then 300 & 310 are next level to go.
This is all my theory and observations. Please check with your study to initiate any trade.
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #906 Posted: Fri Sep 25, 2015 11:52 am Post subject: Re: Mindtree 60tf |
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| sumesh_sol wrote: | | Mindtree 1602 it is ..in flat 2 days... MIND it |
Tusi great ho, Sumesh! Keep posting for our benefit
Prakash Holla
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aneja100
White Belt
Joined: 13 Sep 2009
Posts: 34
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| Post: #907 Posted: Sat Sep 26, 2015 8:40 pm Post subject: HindZinc_Daily |
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Watch out this, got potential to reach 155.....Take ur own decision
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #908 Posted: Mon Sep 28, 2015 5:23 pm Post subject: VENKEYS...eod |
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VENKEYS...eod
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Daily Pivot was broken @ 523, price moved around pivot and above resistance (now support) line for 7-8 days in a very narrow range showing no intention to go down. The other possibility was to go up, which it did today making upward momentum clear.
LTP is 545, but much better price would be if we can catch is around 525-530. That would make r:r quite attractive, as next levels could be 595/625. Setup would get invalidated below 500.
Please check with your study. This is purely for academic purpose.
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #909 Posted: Tue Sep 29, 2015 10:33 am Post subject: Re: VENKEYS...eod |
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| sumesh_sol wrote: | VENKEYS...eod
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Daily Pivot was broken @ 523, price moved around pivot and above resistance (now support) line for 7-8 days in a very narrow range showing no intention to go down. The other possibility was to go up, which it did today making upward momentum clear.
LTP is 545, but much better price would be if we can catch is around 525-530. That would make r:r quite attractive, as next levels could be 595/625. Setup would get invalidated below 500.
Please check with your study. This is purely for academic purpose. |
It was a God sent opportunity , kept order @ 525 and incidentally it is low of the day so far !! Half disposed at 548.. remaining half with SL @ cost
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #910 Posted: Tue Sep 29, 2015 12:10 pm Post subject: Re: GMBREW |
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| sumesh_sol wrote: | GMBREW..EOD
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Look at pre builtup of range and then confidence on breakout.. Took only three treading session to cross 100 odd points (300 to 400) and broke previous high without any hesitation whatsoever....
Its in unchartered territory now, so difficult to say about target, but any retrace upto 420/410 is welcome (LTP - 437) |
437 to 482.. May extend more... I booked half @ 477
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #911 Posted: Wed Sep 30, 2015 6:10 pm Post subject: LICHSGFIN...eod |
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LICHSGFIN...eod
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A huge bullish candle , engulfing all bearishness of one week prior to today's breakout candle... Good signs... May extend this bullishness up to 500 and may be previous high 520 also... (LTP-470)
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #912 Posted: Wed Sep 30, 2015 6:21 pm Post subject: RAYMOND...60tf |
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RAYMOND...60tf
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May retrace near BO level ~ 415 before upward journey upto 440 / 460.
Please take your decision for entry
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #913 Posted: Thu Oct 01, 2015 2:48 pm Post subject: Re: LUPIN...eod |
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| sumesh_sol wrote: | LUPIN...eod
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Consider this fantasy:
When price reached previous support level at point-A, bulls entered in truckload, and exited near point-B. Party not over and again few people went long at point-C.. oh no ! price not moving past resistance zone.. better exit at point - D. Now, looking at loooong tail at point-C new set of buyers assumed it to be great buying zone making yet another tail at point - E.
From here, support turned resistance point-D did not offer potential resistance and price zoomed past 1950 & 1990 resistance also... No real selling as of now..
Looks like steam left for 2100  |
Lupin.. high so far 2128..
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ragarwal
Yellow Belt
Joined: 16 Nov 2008
Posts: 582
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| Post: #914 Posted: Thu Oct 01, 2015 3:40 pm Post subject: |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #915 Posted: Thu Oct 01, 2015 4:14 pm Post subject: Re: RAYMOND...60tf |
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| sumesh_sol wrote: | RAYMOND...60tf
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May retrace near BO level ~ 415 before upward journey upto 440 / 460.
Please take your decision for entry |
I monitored price action on 10tf and having found it stalled and not cracking down, bought at break of high (433), with SL low (430).. booked half @ first Tgt (440), waiting for next Tgt 460
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