ICICI BANK STIFF RESISITANCE @ 1240

ICICI BANK Nearing Major Resistance @ 1230-1240 , Be Ready for some 4-5% Correction !!

SELL CALL GIVEN TO CLIENTS YSTD LATE IN THE EVENING 

SELL ICICI BANK FUT @ 1236 SL 125O IN CASH  LOT SIZE 250 HIT 1194  PROFIT 10500 RS

 

"We don't only tell you what stocks did, we tell you why, and we tell you where stocks are headed next. How? By tracking the psychology of the markets, tracking patterns and indicators that reveal where stock prices are trending, giving us high probability trade opportunities."
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IMPORTANCE OF BREAKOUT STRUCTURE

When stocks breakout: the only thing investor should watch out for – Structure of the Stock Chart. Here’s How.

Structure of the Breakout Chart
When stocks breakout from a base and pattern: it signals Bullishness to the trading community and market participants. Now post breakout – stock can do anything and to realize returns: traders and investors should hold on to the stock. But the question comes: what is the level one should track and when one should give up on the stock. Here’s the simple answer:
Look at the moving average from where stock has taken off while breaking out and that moving average becomes the level to track. As long as stock trades above it: one should be bullish. The moment that level cracks on closing basis, one should be out. 
Let me share two examples:
Yes Bank – A Breakout that Failed

As you can see in the Weekly chart above: Yes Bank stock broke out above 380 after the stock took double dip support at 50 week moving average. This double dip support before taking off made this 50 week ma – the most important level to track the bullish structure.
Just see, how stock post breakout above 380 behaved. It broke out – consolidated for couple of weeks and then took off to 538. It pulled back – took support at 50 week ma and again took off. But in next wave of selling – the stock cracked through 50 week ma and then collapsed.

IndusInd Bank: Breakout that Survived

As you can see in the Weekly chart above: IndusInd Bank broke out above 290-292. The stock took off from 120 week ma before breaking out; and hence that became the level to track for the stock. Now post breakout, IndusInd Bank first took support at 290 and then rallied and since then has held on to 120 week ma. This has kept the structure of the stock intact and has delivered steady and safe returns to investors holding the stock.
Lesson: Breakout stocks are Buy and Ride as long as it holds the structure of the stock. The structure is determined from the moving average from where stock takes off before breakout and then breaks out.

"We don't only tell you what stocks did, we tell you why, and we tell you where stocks are headed next. How? By tracking the psychology of the markets, tracking patterns and indicators that reveal where stock prices are trending, giving us high probability trade opportunities."
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NIFY BIG BANG BREAK OUT:WILL NEW BULL MARKET START HERE?

Nifty has broken out on weekly chart and this appears to be very significant breakout backed by strong fund flows.

The Nifty Weekly Chart

Here’s why Breakout appears significant

1. Nifty developed a well defined resistance at 6380 and respected it for 6 long years. When a resistance gets developed over that period of time – it becomes very significant. The Breakout post that becomes very explosive and important. 

2. The Breakout has happened on back of huge FII flows and that makes the breakout backed with conviction. 

What does this mean for Nifty?

Nifty is all set to surge to very high levels. Post Breakout – Nifty can consolidate here before moving higher or it can continue to rally only to pullback later to retest 6400 as support. Remember, post Breakout one can only be BULLISH. 

The Breakout structure will remain intact as long as Nifty trades above 50 week moving average which as of today stands at 5976. It means even if Nifty declines – the bias of buy on dips will remain.

What happens when Index breaks out after a long period of time?

Just Have a look at S&P500 Chart

The Breakout on S&P500 happened after 13 years and see how explosive the move has been in last 6-7 months on S&P500. That’s what happens when index breaks out after long period of time

"We don't only tell you what stocks did, we tell you why, and we tell you where stocks are headed next. How? By tracking the psychology of the markets, tracking patterns and indicators that reveal where stock prices are trending, giving us high probability trade opportunities."
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SESA STERLITE LOOK HOT &FIERY

MSG GIVEN TO CLIENTS 3 DAYS BACK
BUY ABV 180 SL 175 ON CLOSING BASIC TGT 190 -195 LOT SIZE 2000 TARGET 1 ACHIVED TODAY PROFIT 20000 RS

"We don't only tell you what stocks did, we tell you why, and we tell you where stocks are headed next. How? By tracking the psychology of the markets, tracking patterns and indicators that reveal where stock prices are trending, giving us high probability trade opportunities."
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UCO BANK LOOK HOT FOT 74-75?

MSG GIVEN TO OUR CLIENTS LAST WEEK 

HOT BUY UCO BANK @ 66.50 SL 64 TGT 74-75 LOT SIZE 4000  HIT 71 TODAY LOOKS GOODDD PROFIT 18000 RS

"We don't only tell you what stocks did, we tell you why, and we tell you where stocks are headed next. How? By tracking the psychology of the markets, tracking patterns and indicators that reveal where stock prices are trending, giving us high probability trade opportunities."
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2 OMC STOCK LOOKING SUPER HOT

MSG GIVEN ON FEB 26 TH  MARCH SERIES WILL BE OF THESE TWO OMC STOCKS SEE THE RESULTS OUR CLIENTS ENJOYING BLOCKBUSTER PROFITS NOW TIME TO BOOK OUT

TO BUY BPCL ABV 375 FOR 10 % MOVE -- LOT SIZE 1000 -- TODAY STOCK HIT 442 BOOK PROFIT AND EXIT THE STOCK  PROFIT 67000 RS

HAD ALSO GIVEN   BUY CALL ON HIND PETRO TO BUY ABV 260-265 RANGE TODAY STOCK HIT 300

"We don't only tell you what stocks did, we tell you why, and we tell you where stocks are headed next. How? By tracking the psychology of the markets, tracking patterns and indicators that reveal where stock prices are trending, giving us high probability trade opportunities."
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MCDOWELL- HOW BREAK OUTS WORKS A STUDY

 McDowell stock has seem amazing run in last 10 years. Let us study and learn from this stock behaviour


Here’s how McDowell Breakout played out pre-2008
McDowell Weekly Chart

 

Breakout Phase: McDowell stock made a high of 350 in Jan 2000. It then slipped pretty dramatically because of bear market of CY 2000-2003. It formed a well defined resistance of 75 and traded below it for long time before finally breaking out above it in Nov 2004. It just changed the trajectory of the stock and from levels of 75 – the stock took off vertically and first took out Previous High of 350 by Sep 2005. It then rallied to 800 by Sep 2006 – and then pulled back to test 350 as support. Interestingly, the pullback to 350 – coincided with 100 week ma. The stock took off from the support and made a high of 2060 in Jan 2008. It was a move of 27x between Nov 2004 and Jan 2008. Well those were the heady days of unbelievable bull market.
Panic and Trendless Phase: Then came 2008 Global crisis shock and McDowell stock collapsed from 2060 to just above CY 2000 highs of 350. The stock then traded up and down with no clear trend for long time. Then around June 2012 – stock witnessed increase in trading volumes and from levels of 500 – stock rallied to 2060 in just 6 months. Stock was again knocking the doors of all time HIGH.

FRESH BREAKOUT ABOVE CY 2008 HIGHS OF 2060

As you can see in the weekly chart above: McDowell broke out above levels of 2060 in May 2013 and rallied to 2831 but it has been more than 8 months now – and stock seems to be stuck between 2060 and 2830 now. Now the big question: Since the breakout is more than 10 years old, how much new breakout can be trusted? Is the current pattern between 2060 and 2800 a topping pattern? We don’t know. Technically, you should be with the trend which means a stock is Hold above 2060 and buy near 2060. The stock is BULLISH as long as it holds 100 week moving average and 2060 whichever is lower.
We spend day in day out analyze what stock did today or yesterday and then miss the big picture