.: Technical view by Nooresh on Sensex/Stocks/Commodities

Tuesday, 19 August 2014

Technical view by Nooresh on Sensex/Stocks/Commodities

Shriram Transport – Triangle Breakout.

Posted: 19 Aug 2014 07:09 AM PDT

Shriram Transport Finance

-> As discussed in another post this is a stock which we had recommended today at 915-920 pre-empting a breakout.

-> The stock has broken out with better volumes.

-> Target implication 1000-1050 stoploss 900. Partial booking advised on quick rise and trailing stoploss.

Disclosure : Stock recommended at 915-920 to clients.

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Nooresh Merani

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Shriram Transport – Triangle Breakout. is a post from: Technical view by Nooresh

Gateway Distriparks – Pre-empting a breakout

Posted: 18 Aug 2014 10:27 PM PDT

Pre-Empting a Breakout

-> This is a a process which a lot of technical analyst tend to resist and avoid. The reason being the threat of a false breakout and a stoploss hit. Forgetting the fact that even on price confirmation its not necessary the stock will do things as we expect.

-> Got to accept that we cannot control stock movements or make a strong probability but the thing which can be controlled is risk-reward.

-> In pre-empting a breakout at times the risk-rewards are 1:5 and higher. Even if we dont get it right every time it works superbly.

-> How to pre-empt a breakout is a tough thing and a factor of luck with timing alongwith analysis. ( we discuss this in details in our training programs )

-> This is an example of a breakout which we pre-empted yesterday.

-> Breakout was above 250 but we jumped in a bit early. A nice flag/triangle of 20-30 points.

-> Recommended the same on CNBC BullsEye today. ( will be for a week for a small snippet at 11 am )

Some more pre-emptive breakouts which we have got into Gabriel India, Shriram Transport and watching out for Aditya birla nuvo above 1500. Not necessary they all would work but even if 1 does its fine as the risk-reward is superb.

For all the people in Bangalore do drop in to meet me in this Seminar.