Breakouts - 29th Jan '07

TVSMotor

Dear Friends!

Unfortunately I forgot to mention the entry and exit on TVSMotor Chart. I hope the traders would have follwed the standard method of shorting below low of the previous day.

The updated chart is attached herewith.

Descending Triangle - TVSMotor

Breakouts - 25th January

Breakout - 23rd Jan

Two Academic Exercises

Breakouts- 17th Jan '07

IOB - Breakout from Symmetrical Triangle
ChambalFert - Breakout from 4.5 month congestion.

CMC & ICSA

CMC is in a vertical run. Follow with 2-days' low as SL point. 
ICSA has moved very fast. Follow with 2-days' low as SL Point.

KTKBAnk-Flag Pattern

KTKBANK has broken out of its Flag.

Ripe for entry now.

Targets Achieved

ICSA has achieved its target of 1040.
The strategy should now be to folow the stock with a moving Stop Loss.
Move your SL to 978.

CMC has achieved its target of Rs. 885.
Move Your stop-loss to Rs. 740.

Reliance-Positive Breakout

Reliance has broke out of a 10 week long rectangle.

Last leg of the consolidation took shape of an imprefect

Ascending Triangle.

Check out both the weekly & Daily Charts.

Breakout Candidates

3I & ABAN - Brodening Top
Adani - Descending Triangle on top.
AMTEKAUTO, Punj LLoyd - Symmetrical Triangle
HEROHONDA, Radico - Ascending Triangle
Infosys & Investsmart - Rectangle

Breakout - Cambridge

Breakout from Ascending Triangle. 

Old Charts -- Followup

TTML -- Move Stop-Loss to Rs. 19.50.
LT -- Entry did not trigger. it's back to conslidation.
SIEMENS -- Entry did not triger. It broke out on the negative side.
Wait for A pivot to be made.
GMRINFRA -- It proved a failure pattern in market pullback but was supported at Rs. 335.
Needs to be watched out if one is in the counter.
LUMAXIND -- Move SL to Rs. 530.

New Breakouts (Patterns Identified on 31st Dec '06)

 LT- Triangle Breakout & Pullback
Provogue - Triangle Breakout
FINANTECH - H&S Breakout

1st Target Achieved

Primesecu Achieved its first target on 4th jan.
Breakout identified on - 2nd Jan
Entry- 3rd Jan
Return- 12% (In 2 Days)

Ascending Triangle

Ascending Triangle formation is shaping up in ACE.
Watch this space for breakout info. 

Rounding Bottom Formation - LumaxInd

The rounding bottom has given breakout. Target is 640. 
Initial Resistence expected around Rs. 605. 

Breakouts of the day

Siemens, GMRinfra & Primesecu have given
breakouts today. Siemens & Primesecu were
earlier identified as breakout candidates.

 

Failure Pattern of the day

Failure patterns are one of the best patterns
to trade. The move is usully very fast and
 hyperbolic.
TTML has given such a Descending Traingle
failure pattern. 

Breakout Candidate of the Day

Triangle Formation on Siemens.
(Brokeout on 2nd jan, please chk
recent chart now).

Breakout Pattern of the Day

Flag Pattern on CMC.

Double Top on SIL.