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How A Complex pattern can affect if you failed to understand

Long
NSE:ASHOKLEY   ASHOK LEYLAND
285 views
7
Its simple and still a complex , most amateur tend to buy thinking its going up straight well its not , institutional tend to drive emotions of retail traders then they brake them up in pics before heading towards the original trend target , the same is clearly visible in this script ,
the Question do you understand it ?? , and can you trade according to the complex pattern being formed here now , well if you can understand it you will know when to act and when to sit Quite ,
Decide your self , following some one chart is also very complex , because you need to understand how an professional analyst take note of every move , its not necessary that every move has to be right , but trading in the direction of trend with right entry and right exit is very important
Regards
Comment: some one said its made brake out in the pattern i have showed , Guess what ? i have made that indication giving you people hint that its not going up , its going down , what happen today who bought thinking its range brake out , it formed a Doji , You have to understand the difference between emotional trading and trend trading , that is possible only when you understand the direction of the trend on each move ,
Good luck to them who bought today , they may probably sell lesser than what they bought today

Comments

its breakout according to your pattern so buy target 142
Reply
you mean it is buy on dip setup for this one ?
Reply
@turtlemove, I think so , :)
Reply
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