Nifty has stiff resistance at 7973
The big question: How and when Nifty will take out level of 7973 considering Banking stocks have once again started to exhibit weakness.
What is your view on the market?
Why traders love Breakout? - Meghmani Organics
In Science of Stock price action - Breakout is a very popular pattern. I have covered the pattern in great detail in the book and to explain its power - I do cover them in Live case studies. Meghmani Organics was covered as a Live case just when it broke out and pulled back near support as Breakout play. Here's the stock performance after a month.
A Large Candle indicates a start of Big move, not the end of the move
I wrote this post on Feb 24 when sugar as a commodity made a HUUGE move on a single day. Here's what I said in that post
There is the fundamental reason: It's now confirmed that there will be supply deficit this year. It will be first such deficit in 5 years. It means this is the time to keep an eye on Sugar stocks in India be it Balrampur Chini, Renuka Sugar, EID Parry, Triveni.
Here's the stock price performance since that day -
SCIENCE OF STOCK PRICE ACTION VIDEO BOOK
I have recorded a video book titled Science of stock price action. The Book contains several patterns based on stock price action with illustration. But to make the learning fun and real for people who purchase the book - I discuss new patterns on an ongoing basis. If you find my work interesting - I will encourage to buy the book and access new patterns discussed in April and May 2016. The idea is to demonstrate live how patterns unfold and work. They succeed, they fail but the whole process is real fun. I invite you to be part of it
Trading Pattern discussed in April-May 2016 - Premium Content
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers