I see many Trader or Authors have started copying the Trend line How i place , its not that important if they copy my trend line style , what is incorrect is they represent in completely different manner and also they interpret entire structure in wrong way , even one person was sending me personal message saying he know that would happen how i posted , (I wonder why he did not post if he know before my Post or Before the Market movement ) Market tend to repeat it self and it creates an identifiable pattern , and those pattern repeat them self with exact behavior how they behaved in the past , in order to understand how this entire system works You need Education and dedication with practice , I see so many people in this social media just join only to collect the information which stock is heading where or who has giving buy or sell call today , but this social site is not for that , here you can write , post your idea and Get to know the difference of opinion and you can understand if your views are different form one another , I Guess one should look for learning in analysis before copying form others Good luck Keep learning
when a ragebound market goes into consolidation and there is absorption of supply, like here in this case.... its natural, to see volatility vanish, and the macd will become flat , the difference in the macd and the signal, which generates the histogram, decreases... like one of the usage of bollinger bands when the volatility eases off prior to a major move up or down , the bands squeez and then the move starts....
the interpretation of macd as the weakening of a price action as in this analysis is a bit arguable imo..
in axis bank, there has been significant supply absorption and the stock is most likely to be in an uptrend
here is my take on the price action..
I-Fund-Trader
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@Sandipan.mch, Yes I agree with MACD , trend i am still not sure , I think let the market decide , Thanks for your hard work and Giving an detailed explanation
Regards
mklives
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this is a public domain and people are free to follow and understand and also copy.if you feel so bad that people copy you please copyright it.
i personally think you should stop mocking people who may not be geniuses like you.
good luck..
I-Fund-Trader
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@mklives, Again If you read entire message which is written sir , Then i am not at all worried who does what , but the representation of particular direction in relation to scrip heading is completely mislead or miss interpret
Thanks for your comment
Good Luck to You sir
Regards
the interpretation of macd as the weakening of a price action as in this analysis is a bit arguable imo..
in axis bank, there has been significant supply absorption and the stock is most likely to be in an uptrend
here is my take on the price action..