@niladri, Buddy, every single strategy tool pattern works in Market. Its about how we use, I know few traders who trade based on Moving average n successful and even heard of persons without looking at charts and just with number crunching.
Its always good to choose what you love to do and which you love to use for analysis and if you do that with perfection , Money will flow in buddy :)
@puramsetty.saikiran, Dear buddy, this is My view n opinion & how I trade. When you trade your money please check with your trade plan and take decisions its your hard earned money at risk , All the Best :)