02-Aug-2006 - Trend Change, Possibily.
- Thread starter ping_manoj
- Start date
Hi Manoj,
Depends on the time frame that you are trading.......just going by the chart that you had attached,the stock-BALKR INDS- is still very much in a strong downtrend,this one candle may just indicate a good day or two,at best........that one candle is not enough information to say that we could be looking at a trend change.
So careful,my friend,before you put funds in just on that information alone.......all the best!
Saint
Depends on the time frame that you are trading.......just going by the chart that you had attached,the stock-BALKR INDS- is still very much in a strong downtrend,this one candle may just indicate a good day or two,at best........that one candle is not enough information to say that we could be looking at a trend change.
So careful,my friend,before you put funds in just on that information alone.......all the best!
Saint
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