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.
For all the people in Bangalore do drop in to meet me in this Seminar.
SPOT REGISTRATIONS also . Do pass it to your friends and colleagues
INDIAN EQUITIES OUTLOOK & INTRODUCTION TO TECHNICAL ANALYSIS – BANGALORE SEMINAR ON 23RD AUGUST – 2014Online Payment Link
https://www.instamojo.com/noooreshtech/bangalore-seminar-/ Nooresh Merani www.analyseindia.com Twitter – https://twitter.com/nooreshtech Facebook – https://www.facebook.com/nooreshtech 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. INDIAN EQUITIES OUTLOOK & INTRODUCTION TO TECHNICAL ANALYSIS – BANGALORE SEMINAR ON 23RD AUGUST – 2014Online Payment Link
https://www.instamojo.com/noooreshtech/bangalore-seminar-/ Nooresh Merani www.analyseindia.com Twitter – https://twitter.com/nooreshtech Facebook – https://www.facebook.com/nooreshtech Gateway Distriparks – Pre-empting a breakout is a post from: Technical view by Nooresh |
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