I was just checking the charts of Suzlon today (Still in Learning Stage). Can you plz confirm if a triangle pattern is being formed in it ?? The base is pretty horizontal and the angle is being formed upwards?? Results are soon going to be out this month so thinking could be a potential bullish signal.
Yes there is a triangle pattern being formed on the charts of Suzlon Energy. But until the price breaks out of the triangle we can't say in which direction it will go. If the price breaks above the triangle then it can go up, if it breaks below the triangle then it will do down. So wait till then!
No ideas on what the Suzlon result will be! It is obvious.. if the results are good the price will go up! or else down! :-)
Hi, Thanks for all your replies. (Hope they will continue in future too. hahaha). I assume you are into full time trading and investments. Could you please let me know what things I should keep in mind while getting into full time trading?
So which book are you learning Technical Analysis from?
Yes I am into ful-time trading. What do you do? You need to know Techical Analysis well so you can make the right decisions and have adequate capital to be a full-time stock market trader.
I am learning TA from Edward-Magee. I am into general administration but want to get into full time trading. I have been following market since 4 years but guess not much of trading experience.
Ok. You will get confidence with experience. You might burn your fingers few times, but thats the only way you learn in stock markets as no one can be always correct!
I was just checking the charts of Suzlon today (Still in Learning Stage). Can you plz confirm if a triangle pattern is being formed in it ?? The base is pretty horizontal and the angle is being formed upwards?? Results are soon going to be out this month so thinking could be a potential bullish signal.
ReplyDeleteYes there is a triangle pattern being formed on the charts of Suzlon Energy. But until the price breaks out of the triangle we can't say in which direction it will go. If the price breaks above the triangle then it can go up, if it breaks below the triangle then it will do down. So wait till then!
ReplyDeleteNo ideas on what the Suzlon result will be! It is obvious.. if the results are good the price will go up! or else down! :-)
Hi,
ReplyDeleteThanks for all your replies. (Hope they will continue in future too. hahaha).
I assume you are into full time trading and investments. Could you please let me know what things I should keep in mind while getting into full time trading?
Your questions are welcomed.. don't worry!
ReplyDeleteSo which book are you learning Technical Analysis from?
Yes I am into ful-time trading. What do you do?
You need to know Techical Analysis well so you can make the right decisions and have adequate capital to be a full-time stock market trader.
I am learning TA from Edward-Magee. I am into general administration but want to get into full time trading. I have been following market since 4 years but guess not much of trading experience.
ReplyDeleteOk. You will get confidence with experience. You might burn your fingers few times, but thats the only way you learn in stock markets as no one can be always correct!
ReplyDeleteBy the way, how did you come to know of my blog?