stock might move towards 1180/1190/1200
as long as it holds the level of 1108 levels on closing basis
@i-Fund - Is there anyone very sure?
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@MCM99, I am sure for the sense of direction ,
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Stock might move , so your not sure ,
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@I-Fund-Trader, Hi, According to Efficient Market Hypothesis, Price is Subset of Event/News + Volume and Markets are built using this underlying principle.

Markets efficiently built and Random enough to prove any best strategy wrong.

So, In this world, when it comes to trading it is always "Might Be" and there is no word called "Sure". Just like Weather Forecast and it always said to be in "Might be" Situation.

When plan a journey from one place to another (ex: One city to another city), there are so many factors that affect the journey and we might reach the destination and Might not.

Trading is Game of Probability, And the Probability theory is built on the foundation of "Might Be". And as experienced author one should understand a basic principle
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I-Fund-Trader Tradepro_MoneyFlow
@Tradepro_MoneyFlow, i disagree completely , you are not having sufficient knowledge , the 1st information required is direction of the trend and it will have its own course , here the sense of direction is not there , so its incorrect , one who talk might be because he or she is not having complete knowledge
The same chart is being posted by me and i have given the sense of direction , at any given instance the trend following system works when you know which direction its moving , and anyone one knows the larger trend information that person will tend to take safe trade with sign of strength in the direction of larger trend ,
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@I-Fund-Trader, What happens to trend when there is an event/news?

What is the ideal time to see the trend? 1 hr, 1 day or 1 week or 1 Month.

Intraday participants use Time frames < 1hr and Longer timeframe participants use 1 week to 1 Month.

The same trend changes based on the timeframe that we use.

According to Steidlmayer - The the person who introduced new age options to the world (Led BlackScholes team), Ex CBOE and the Inventor of Market Profile and the pioneer of electronic markets, Mentioned that there are only 2 types of traders in this world 1. Intraday 2. Longtime frame (Any one who carry forwards the position)

The Larger Time frame Participants are the people who decides the market movement, And their participation in the Market is ultimately defined by a future event (ex: Results, Monsoon news, Political news etc)

And According to DOW - Markets are built based on Efficient Market Hypothesis(Theory) and according to this Price will get corrected by absorbing the News/Event through Auction Market Theory(Bid/Ask).

And as asked in the first question - Efficient Market Hypothesis explains that in case of any "Event/News" all kind of technical's fails.

Let us take a classic example: If a glass is half filled with water, one says its "Just Half filled" and "And other one say "Its Half empty"

So, Every one have their own perception and we respect each other for our knowledge and analysis.
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