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Deepak Bedi
Ex Chief Officer - Merchant Navy, Ex Web and Graphic Designer, Ex Programmer, Ex CTO, Ex Entrepreneur, Current - Trader
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Deepak Bedi Nov 18
Replying to @cpraveentrader
Do they have a centre in Mumbai?
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Deepak Bedi Nov 8
Replying to @skg_kol
At this point I'm neutral and presenting both sides of the view Depending on price action I'll act accordingly
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Deepak Bedi Nov 7
To follow up on my last tweet abt Bank Nifty.. Interesting setup in the USDINR as well
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Deepak Bedi Nov 7
If you're bearish Bank Nifty then arnd 31000 would be a good place to short as an interesting setup currently seems to be in place See chart for details
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Deepak Bedi Nov 7
Replying to @deepakbedi26
If this is the start of a bull market in Midcaps then be patient Bull markets last for a long time!! Wait for confirmation and once we get that.. Look for quality midcaps and start investing in them Once the Midcap Index breaks out.. I will post a few good setups
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Deepak Bedi Nov 7
Replying to @deepakbedi26
PSU Banks are another place which can yield handsome returns Here again I will wait for it to close abv that horizontal resistance before I look for investment bets
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Deepak Bedi Nov 7
Replying to @deepakbedi26
The Midcaps yes.. I see a lot of value!! However I will wait for a breakout confirmation from the Midcap Index to start looking for good investment bets Here's the chart.. Breakout abv the dotted falling TL will indicate a trend change
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Deepak Bedi Nov 7
Replying to @deepakbedi26
My personal view is that the major indices.. Nifty, Sensed and Bank Nifty are overvalued Not that they can't go higher.. But 10% upside is really not something you want to invest in
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Deepak Bedi Nov 7
Replying to @deepakbedi26
As you all know I trust only charts.. After all only PRICE pays and ething else is jus NOISE
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Deepak Bedi Nov 7
Lot of chatter abt how the govt is all in in terms of reforms and hence the bottom is in and we have huge upside blah blah
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Deepak Bedi Nov 7
Replying to @Makhanlal2_
Markets are always manipulated.. What's new abt that?? If you know the correct levels it's not that hard
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Deepak Bedi Nov 7
you were saying Sun Pharma broke out?! Down 3%!! Needs a daily close abv 445 for a confirmed breakout
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Deepak Bedi Nov 7
If you're looking to short ICICI Bank then arnd 490 - 495 would be a good time near the top of the channel
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Deepak Bedi Nov 7
Replying to @Makhanlal2_
Needs a daily close abv 445
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Deepak Bedi Nov 7
Replying to @BUSYBANKER1
This way if it breaks out of the wedge then we're wrong and you lose a lil bit of money since options are OTM But if it works then the lower TL has to break and it goes much lower.. making your options ITM Also allows you to add to the position on lower TL break
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Deepak Bedi Nov 7
Replying to @BUSYBANKER1
Here's an example.. If HDFC Bank touches the upper TL of the rising wedge I'll look to short (via OTM options)
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Deepak Bedi Nov 7
Replying to @BUSYBANKER1
It fell 7% ++ so results must have been out Yeah these rising wedges are always hard to trade.. I wait for a 3rd touch of the upper TL to go short..
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Deepak Bedi Nov 7
There goes UPL!! Breaking down from that rising wedge on the hourly First target remains that rising TL on the daily arnd 530 (see daily chart)
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Deepak Bedi Nov 7
Sun Pharma is forming a symmetrical triangle on the daily These are usually continuation patterns so ideally it should resolve lower However a resolution to the upside can signal trend reversal and maybe a long term bottom for the stock
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Deepak Bedi Nov 7
Replying to @deepakbedi26
Ideally if the daily chart can form an Inverse HnS pattern and breakout.. Would be very bullish PSU Banks
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