Can anyone Explain this Chart?

Hello I am newbie in trading, I want to adopt some technical analysis by observing the charts.

So, Today i take this graph from bse. But I can't understand this chart. and how can i forcast tomorrows.

Here is the link:

You first need to learn how to read charts right from the scratch, then comes the technical analysis part. download some books from internet and get these basics

Hi can you post the data of last 14 days
i.e Open High Low Close Volumes
Only then will anyone be able to comment on the future movement of prices.

Visually it looks like the asset will tank. Kindly note one thing straight in your mind : MARKETS DO NOT LIKE HIGH VOLUME ON UPBARS specially if the bar is Narrow. Visually i would recommend a short sell. However i have been wrong visually in the past . If possible post the data.

Cheers

Hi Rocky
You have to learn technical analysis from the very basic. Then only you will be able to understand what's happening at the markets by seeing the charts. I advise you to go through the thread "Teach a man to fish" by SAINT. Read the whole thread from the first to the last. You'll get your basic course in tech analysis done.

Regards
DJ

I totally agree with dj. you must lay a strong foundation before you can actually build a huge building. learn the technical analysis basics first then you will be able to read the charts and infact they will seem to be very easy

according to me the next day's opening price will be less than the previous close to attract buyers but eventually the price will go south by the end of the day. so be patient until it reaches a good resistance then sell it and buy back at lower price by the day's end.

This is my opinion. buying and selling is your sole interest and responsibility and i wound not take any responsibility of any loss you incur.

hello...
i m just putting 2 simple charts of nifty(weekly) and reliance (daily)...anybody
can comment on it...

go to this link and learn to trade

http://www.traderji.com/day-trading/...veryday-1.html