The very basic foundation of technical analysis is 'anticipation'. The anticipation could be based upon historical facts or data. On the basis of assumptions drawn from the historical data we can predict the future course of action, or at least try to do so. The anticipation, however, could go wrong if data is not backtested. The anticipations based upon properly...
If any company shares weak, the chart tells you!
Tata motors have been investor’s favorite stock since ages but have continued to disappoint with its performance over the past 2 years. The share touched 600 in the Sep 2016 and has been in a continuous downtrend since then.
Now here arises 2 questions :
1. Why is it investor’s favourite share?
2. Why it has been...
NOTE:LEARNING CHARTING FOR THE VIEWERS
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THIS CHART IDEA IS SHARED TO SHOW
MY VIEWERS HOW THE NIFTY
ACCORDING TO ME HAS PANNED OUT ON WEEKY CHARTS
WITH REFERENCE TO FIBO LEVELS AND ELLIOT WAVE WITH FRESH WAVES CONSIDERING THIS WAVE IS VISIBLE .
INDEX MOVES FROM 6825 TO 8968 FOLLOWED BY