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Breakout/ Breakdown Trades |
sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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Post: #916  Posted: Thu Oct 01, 2015 6:13 pm Post subject: PIDILITIND...eod |
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PIDILITIND...eod
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Price has been moving between Support and Resistance zone(535-600) . There is no surprise if this move again test upper zone. Within outer boundaries, there was a smaller range formed between 550 to 575. A breakout from this range was done today. Please check there are 3 consecutive bullish days in this breakout process indicating good amount of interest in this scrip for whatever reason.
I exptect it to move towards 600 levels (LTP-578). Please check with your study for making any trade.
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SnoopTrade
White Belt
Joined: 01 Jun 2009
Posts: 56
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| Post: #917 Posted: Thu Oct 01, 2015 9:49 pm Post subject: |
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| Keep Going Sumesh. Doing a wonderful job.
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #918 Posted: Fri Oct 02, 2015 12:27 pm Post subject: HITACHIHOM..eod |
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HITACHIHOM..eod
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Multiple tails at 1300 levels indicate renewed buying interest. Earlier also there was a rally from same level.
Best entry could have been near 1355 after 3rd retest of support.. Anyways, price has given breakout from upper range, we can safely assume some more distance to be covered by this scrip. 1600/1700 are probable levels (LTP-1488)
May watch on 15/30tf for retracement and suitable entry. Please check with your own study for any trade.
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #919 Posted: Sun Oct 04, 2015 8:46 pm 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. |
Looking at lower timeframe (60tf), price found some support at 530-540 support zone after breakout and advanced upto 568. It has once retraced to support zone and stayed on this level for most part of the last trading day.
A buy above 544 may fuel more buy orders due to stop triggering of people who shorted at higher level. For better r:r , a buy near 536 with a smaller SL of 531 is more attractive for targets of 560 and 575 .
Its my personal study and not my recommendation for trading. Please check with your own study before trading in it.
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #920 Posted: Mon Oct 05, 2015 2:04 pm Post subject: Re: RAYMOND...60tf |
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| sumesh_sol wrote: | | 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 |
High so far - 458.. I'm out now @ 455.. over and all 
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #921 Posted: Mon Oct 05, 2015 2:06 pm Post subject: Re: GMBREW |
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| sumesh_sol wrote: | | 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 |
Crossed 500, I booked @ 490.. Not sure how long this madness continues..
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #922 Posted: Mon Oct 05, 2015 2:18 pm Post subject: Re: PIDILITIND...eod |
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| sumesh_sol wrote: | PIDILITIND...eod
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Price has been moving between Support and Resistance zone(535-600) . There is no surprise if this move again test upper zone. Within outer boundaries, there was a smaller range formed between 550 to 575. A breakout from this range was done today. Please check there are 3 consecutive bullish days in this breakout process indicating good amount of interest in this scrip for whatever reason.
I exptect it to move towards 600 levels (LTP-578). Please check with your study for making any trade. |
Bought @ 578.1 SL 575.. Let's see
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aneja100
White Belt
Joined: 13 Sep 2009
Posts: 34
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| Post: #923 Posted: Fri Oct 09, 2015 10:25 am Post subject: Re: HindZinc_Daily |
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Today's high 154.2
| aneja100 wrote: | | Watch out this, got potential to reach 155.....Take ur own decision |
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acharyams
Yellow Belt
Joined: 04 Jul 2010
Posts: 552
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| Post: #924 Posted: Sat Jan 02, 2016 7:23 am Post subject: |
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| chrome wrote: | INFOMEDIA..above 4.00.... BO.. Already IN,
APEEGO rocking..  |
Hi Chrome,
Infomedia is also rocking. What will be the target?
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chrome
Yellow Belt
Joined: 28 Dec 2009
Posts: 645
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| Post: #925 Posted: Sat Oct 01, 2016 9:22 pm Post subject: BO/ BD back !! |
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Hi All,
Feeling wonderful posting in this forum (one of my few forums here on i-Charts) which was created way back, to be precise, 6 years back !!
This, stands-out still as one of the most viewed forum over here, which itself is a wonderful platform created by i-Charts and I am sure well are learning full-on over here.
BO / BD :
This is one of the easiest and acclaimed trading strategy, i.e, Break-out/ Break-down , and will try to post and continue going forward.
Posting Daily Charts of LARSEN & TOUBRO below and I have my conservation in the stock, as formed over the Chart pattern.
A beautiful H&S formation on LT, though on wrong side !! 1390 if coming, may lead to a Big Big fall in the Scrip which usually leads the Rally in the Indexes, both ways. Keep watching 1390 levels for Break-Down levels.
Will start posting further BO/ BD charts. trades soon !
Best Regards
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ragarwal
Yellow Belt
Joined: 16 Nov 2008
Posts: 582
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| Post: #926 Posted: Sat Oct 01, 2016 10:13 pm Post subject: |
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| Welcome back chrome.very happy to see you here!!!
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #927 Posted: Sun Oct 02, 2016 10:21 am Post subject: |
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welcome. so how were things these last 6 years.
good to see sticking to one thread and not trying anything new. I am sure u would have done that though and can educate us from time ti time
thanks for the LT post. pattern visible with eyes closed (in various forums) and let's see if we can see a breakdown failure if it happens
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chrome
Yellow Belt
Joined: 28 Dec 2009
Posts: 645
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| Post: #928 Posted: Wed Oct 12, 2016 2:23 pm Post subject: Alkali Metals : Quick note |
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Alkali Metals : Quick note
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chrome
Yellow Belt
Joined: 28 Dec 2009
Posts: 645
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| Post: #929 Posted: Wed Oct 12, 2016 10:24 pm Post subject: Gujarat Mineral Development Weekly Charts |
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Gujarat Mineral Development Weekly Charts :
A Break-out seems on cards with Increasing Volumes observed. A Classic Falling Wedge Break-out pattern on move ! Stock can further move till 140 in Near term.
Disclaimer : Educational Purpose only, not trading recommendation
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #930 Posted: Wed Oct 12, 2016 10:33 pm Post subject: |
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Thank you
Keep posting
Good ones
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