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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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Bearish Harami Pattern at Higher levels limiting upside.

Last week Nifty formed exhaustion gap and after that formed Bearish Harami pattern and failed to cross 11700 resistance. In weekly charts, nifty formed High Wave Candle pattern, indicating that Bulls and Bears strength equalised at current levels last week. Now this week we need to watch 11416 level on lower side and 11696 on Higher side for further directional movement. Whichever side nifty breaks, one side momentum comes in that direction. Technical indicators in Sell Mode, so  higher probabilities are favoring downside momentum to resume. Hence, market in sell on Rise mode. Resistance 11700, Support 11416. Close below 11380 would trigger fresh selling pressure in Market. Bulls need to protect 11380 crucial support to take nifty higher. Bears need to protect 11700 resistance to stop upside momentum. Regards, Suryadev Bandari Research Analyst www.earningwave.com