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Dr. Omprakash Ashokrao Deshmukh

Follow @dromdeshmukh77

11 Jan, 4 tweets, 3 min read

#nifty
#banknifty
Though it looks like rising wedge, it can break on either side.
Let's see.

#Nifty supported by hidden bullish divergence.

#banknifty
Bearish divergence on hrly chart.
Upmove till 38500/600 only if sustain above last candle high on 15 min chart.

Don't trade based on this.
View can go completely wrong.
Sharing only for learning purpose.

#Banknifty
Not sure about whether it will come to value area or not.
But it's buy on dips for me till SL is intact.
Target already mentioned.

Don't trade based on this.

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More from @dromdeshmukh77

Dr. Omprakash Ashokrao Deshmukh

@dromdeshmukh77

11 Jan

#Thread on -
How I enter #Breakout stocks -

1/n...

1. If I spot d BREAKOUT just before it happens then I may enter at once.

2. If I find BREAKOUT candle too large then I enter in tranches.
30% on BREAKOUT
30% on retesting
30% near SL

To reduce my cost of buying.

2/n..

If I find a stock which has already moved up significantly or on UC 🚀 then I wait for entry at retesting or even if I enter, I exit quickly
Recent example
Balpharma &
20 micron exited intraday.
As I had entered at opening based on my previous day study
3/n..

Read 14 tweets

Dr. Omprakash Ashokrao Deshmukh

@dromdeshmukh77

11 Jan

#Banknifty
Last kiss of trendline

Don't trade based on this.
Sharing only for learning purpose.

100 points up from there.
Small scalping done ✅

I was not sure whether v r moving up after last kiss of trendline, still took a small intraday scalp trade because
1. risk was very low with favorable rr.
2. Sharp fall must have shaken out most of the weak hands.

No rocket science.

Read 4 tweets

Dr. Omprakash Ashokrao Deshmukh

@dromdeshmukh77

8 Jan

#Nifty
#Banknifty

Weekly analysis Short video posted.
(Link at bottom).
Recorded on mobile without cuts n editing (time constraints), so please ignore if there r some errors.

Focus on content 😃

#nifty
#banknifty
Important levels.

Don't trade based on this.
Sharing only for learning purpose.

#banknifty keep these possibilities also in mind.
It's leading diagonal formation in 4th corrective wave.
Or one can call it a rising wedge pattern also.
5th wave may touch uptrend line & then fall.

1/2...

Read 6 tweets

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