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About

About Me

Suryadev Bandari

M.Com, MBA, ICWA-INTER
SEBI Registered
Research Analyst
Reg.No:INH200004693


MARKET

The market is like ocean--it moves up and down regardless of what you want. You can do nothing to influence it. A trader needs information of trends and reversals in the market the way a sailor studies the ocean. You can never control the market but you can learn to control your behavior towards it.
With Optimum blend of Candlestick chart patterns & other technical tools with The Elliott Wave Principle generates most probable,high profit trade entry and exit strategies. 

Pillars of Success:

Successful trading stands on three pillars
1. Analyzing balance of power between bulls and bears.
2. Practicing Good Money Management.
3. Personal discipline to follow trade plan and avoid getting high in the markets.

My Goals:

To guide traders in achieving following goals:
1.Long-term survival in market.
2.A steady growth of capital.
3. Providing Accurate high profit trade recommendations which gives Maximum possible profits with minimum risk.


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LIVE ON DOORDARSHAN 8 YADAGIRI "BUSINESS MUCHATLU"

Exhaustion gap formed. Bulls strength eroded???.

Nifty bounced back strongly on back of Major news announcement of Cut in Corporate Tax on Friday. Today nifty retraced 61.8% of entire fall. As of Now, wave 2 in finishing stages.  More possibility for Wave 3 down to begin any time soon. Hence, Be cautious. Its time to reduce long positions. Profit booking time. From current levels, nifty likely to retest 11000 levels anytime. Short term top made. New highs may not be possible from here. Keep booking profits in long positions. Wave 3 Impulsive Down move can begin any time. Regards, Suryadev Bandari Research Analyst www.earningwave.com

Triangle formation still in progress. 8900-9200 upward resistance.

Nifty still in a triangle formation and wave e of the triangle is due as per updated pattern. The minimum upside for the short term is 8900-9200. Avoid fresh short selling at this juncture. Pull back rally is due. Supports can be found at 7700-7500. The range is Huge, so risk also high. Private sector Banks also completing triangle like formations in their respective charts. We can see some short term buying in private banks at these lower levels. Trade accordingly. Regards,  Suryadev Bandari Research Analyst