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AMIT SETH, SEBI REGISTERED RESEARCH ANALYST, REGISTRATION NO INH 300009172
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6 458
Trade 1 share
Trade 10 Shares
Trade 1000 Shares
Trade 10000 Shares
But don’t paper Trade
Because Trading is about Emotions and mindset !!!
You will never learn with paper trade
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But the good point is on Ichimoku they are coming out of cloud with other components aligned
6 458
A lot of Private Banks are testing 200 Dema after recent rally
Key moment for them now
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There is a saying in Bengali
Jyoto Dosh Nandu Ghosh
Meaning for whatever bad happens,and this I am saying sarcastically, the only responsible is Nandu Ghosh.
So blame Nandu Ghosh all the time
Now Indian markets are like that
War Starts or ends
Crude up or down
Tarriff or not
Our Markets are like Nandu Ghosh currently
We are to blame for any thing that is happening in the world. No matter what we are the Nandu Ghosh and won’t go up and be the first to get hit on any news
So
Jyoto Dosh Nandu Ghosh
Hope you got the meaning of the quote 🤣🤦🏻♂️
6 458
Basics of Price Action and Technical Analysis never change
You just have make small tweaks from time to time
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When I started in 2008
We only had MetaStock for Software which Costed 1 lakh of licensed version and 50 K per year for Data
Not many had access to live Charts
Now every thing is free, brokers give TradingView and other charting softwares complimentary at no extra cost
Charts are readily available and there is information overload
This is the reason traditional support and resistances fail quite often as everyone is seeing it
Times have changed. Look for new contrarian zones and setups which is not commonly visible to ever one
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Bearish Head and Shoulder Pattern when it fails becomes a very very strong Bullish Pattern
And It will happen in one Heavy weight in next few days
Now Study Charts
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Problem with markets is that traditional Heavy Weight Blue chips are not doing thing
IT has moved from lower levels and supported broader markets else things would have been worse
But Traditional Heavy Weight Blue Chips have a problem
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Kabhi Tarrif War
Kabhi Iran War
Kabhi Hormuz
Kabhi Monsoon
Kabhi Investor ki bhi sun lo 🤦🏻♂️😂
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