does Market really work on such self made logical but more hypothetical graphs ? if I am rookie, correct me if i aint wrong
UnknownUnicorn6418960
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@SAC4ALL, every one has his own way i am be wrong let see why do u think if market crash it will go up? with cases of virus rising foreign mrkets also crashing if lockdown is extended after all this why do you think it will go up share ur logic
SAC4ALL
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@WILYTRADER2020, Sir, I am very new, i just courage to ask my doubts, I have a doubts How self made graphical representation can give clues about future with predictive analysis. I always thought, market is half driven by giant players like FIIs, DIIs etc. and When they decide they pump the money , also i think, there must be some correlation between when to pump and how to much and how much to pump to play with the market. i think, it is already strategically formulated rather technical and predictive analysis based on graphical representation. I am here absolutely wrong, I am only month old experienced person here , I am nowhere to challenge your representation , i am here to learn from you. its not question , its my doubt only.
UnknownUnicorn6418960
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@SAC4ALL, no prblm every veteran was once a newbie and yes we can do tech analysis only and cant win from fiis diis :)
SAC4ALL
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@WILYTRADER2020, Thank you sir,
ramana.t.reddy
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@SAC4ALL, The whole logic behind, why charts work is the human psychology. We humans behave same way when we have happiness,fear,frustration etc. Hence technical analysis works like a charm.
SAC4ALL
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@Ramana.t.reddy, i am yet convinced, may be i ain't as knowledgeable as you. But thanks for your wise words too. I am observing charts these days. Hope, i will prove my thinking wrong.
@SAC4ALL, Majority of big players use algos, which are programmed by human based on the different charting techniques, so their behavior is consistent with the human psychology behind it. All the tools core idea is to gauge the cumulative behavior in the market at any day, week or minute. Strategically formulation is done based on the many factors, in current crisis it will all depend on the cure for COVID . Hope this answer ... :-)