day trading TAHELKA

#1
The market falls to a new low at which enough bears start taking profits by covering shorts and the market rallies. Once that rally stalls out and prices start sinking again, all eyes are on the previous lowwill it hold? If bears are stronger than bulls, prices will break below the first low, and the downtrend will continue. If bears are weaker than bulls, the decline will stop near the old low, creating a double bottom. Technical indicators help decipher which of the two is more likely to happen.M GIVING U AN EXAMPLE...suppose today 9am TATA MOTORS open=786. at 9.05am low 782 n high 792.....wait if its break any of d low or high if 9.10am new low 780........ then this stocks u can sell for 1% target......same way u can buy in high also........:D..any confusion plz ask q
 

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