Hello seniors, I am new to markets and i learning technical analysis... i am reading various articles on the web , following various threads on traderji.
One point that i have come across is everywhere i find phrases like " the trend is your friend " , "Follow the trend " .
I even watched a video of Ace trader Atul Suri who is associated with Rare enterprise..even he said that "Trend following is important"
With my little knowledge and understanding i have came to know that following are the types of trend
1. Up trend
2. Down trend
3. Sideways
But a question that hovers around my mind is " How to identify or spot an ongoing trend "
I request the seniors here to plz resolve my query and give some inputs.
Thanks in advance
One point that i have come across is everywhere i find phrases like " the trend is your friend " , "Follow the trend " .
I even watched a video of Ace trader Atul Suri who is associated with Rare enterprise..even he said that "Trend following is important"
With my little knowledge and understanding i have came to know that following are the types of trend
1. Up trend
2. Down trend
3. Sideways
But a question that hovers around my mind is " How to identify or spot an ongoing trend "
I request the seniors here to plz resolve my query and give some inputs.
Thanks in advance