Because 90% of the time they make no sense. When the market publishes its research report (Price Action) regularly, then what's the point in reading an opinion of somebody who is more interested in dictating what the market should do rather than focusing on what the market is doing. I am sorry if I am harsh.
Let me share this with Case Study: Dr Reddy
When a stock falls on a huge volume with a large candle, then don't dismiss it
Stock prices take the stairs while going Up, but use Elevator while moving down. Here's one example: Dr Reddy stock pic.twitter.com/pgOsZ0oaeI
— Deepak Singh (@smarket) November 10, 2015
When selling becomes serious, then just take notice and don't fight by being brave against the trend.
There is never one cockroach...
Dr Reddy now falling like crazy pic.twitter.com/gZt5T6oQeb
— Deepak Singh (@smarket) November 26, 2015
And Please stay away from folks who give Value pravachan. See, Nomura giving buy Call at peak of the crisis. It's ok one can be wrong but here's the problem: Most of them will prefer to stay wrong
Here's what Dr Reddy has done since Nov 2015:
This is what Research Report has been saying since 2016:
Even a broken clock is right twice a day...so obviously you keep saying the same thing...one day it will turn out to be right but what's the point.
Here's what Price Action communicated way back in March 2016 and now 18 months have passed since then and nothing seems to have changed
Pharma Sector became Avoid in November. It continues to be Avoid.
— Deepak Singh (@smarket) March 29, 2016
This was the presentation I made back then
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