Concept: Direction of the wind
State of the Market
by Deepak Singh
6M ago
It is the direction that matters. Once you get that right, good things happen over a period of time. All you have to do is show some patience and keep riding. The market has predictable long-term trends and cycles but gives no guarantees in the short term. Anything can happen at any time. Always approach ..read more
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Price Action Story – Indian Steel Stocks
State of the Market
by Deepak Singh
2y ago
Fundamentals trigger stock prices to rally but then they can run out of steam just when they encounter resistance with no additional fundamental fuel to drive the stock prices higher. Let us look at... [[ This is a content summary only. Visit my website for full links, other content, and more ..read more
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Textbook Opportunities: HDFC Bank
State of the Market
by Deepak Singh
2y ago
One of the primary objectives of Reading Price Action is to find Textbook opportunities in a stock. Here’s HDFC Bank Price Action over the last 10 months. HDFC Bank Price Action The Daily Chart... [[ This is a content summary only. Visit my website for full links, other content, and more ..read more
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Reading Policy Bazaar Price Action
State of the Market
by Deepak Singh
2y ago
Should I buy Policy Bazaar stock? Here’s how I will read it Policy Bazaar Price Action Analysis Here’s the Chart Click here to see larger image Policy Bazaar stock used to trade near 1400... [[ This is a content summary only. Visit my website for full links, other content, and more ..read more
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Why one should avoid Colgate Palmolive Stock?
State of the Market
by Deepak Singh
2y ago
The market has become volatile and it’s normal for people to gravitate towards defensive consumer stocks. One such name is Colgate Palmolive. The company manufactures consumer products in oral... [[ This is a content summary only. Visit my website for full links, other content, and more ..read more
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Amazon Price Action Analysis
State of the Market
by Deepak Singh
2y ago
Amazon stock is down 12% for the week. Is the stock near any support level?  Here’s how the stock looks on the daily chart. Amazon stock formed a double top at 3750 around the middle of Nov... [[ This is a content summary only. Visit my website for full links, other content, and more ..read more
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Here’s how Bajaj Auto delivered 0% return over the last 12 months
State of the Market
by Deepak Singh
2y ago
It is not the destination but the journey that counts. I read price action because it helps me understand the journey the stock takes over a period of time. It helps me understand the market... [[ This is a content summary only. Visit my website for full links, other content, and more ..read more
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Reading Nifty and Bank Nifty Price Action
State of the Market
by Deepak Singh
2y ago
If we want to know where the market will go, it’s important to understand where it stands right now State of Nifty Nifty peaked at 18600 on 19th October and since then has declined 7% from the... [[ This is a content summary only. Visit my website for full links, other content, and more ..read more
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The ETF newsletter: Random Bearish Churn
State of the Market
by Deepak Singh
2y ago
This is a big-picture newsletter to understand the state of the US market. Here are few observations as of now The market has a problem: It’s overvalued but it’s oversold too. No wonder... [[ This is a content summary only. Visit my website for full links, other content, and more ..read more
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The ETF Newsletter – Wipe Out
State of the Market
by Deepak Singh
2y ago
This is a big-picture newsletter to understand the state of the US market. Here’s the observation as of today CY2021 is turning out to be a disaster year for equity traders. All Gains wiped... [[ This is a content summary only. Visit my website for full links, other content, and more ..read more
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