DURING FRIDAY'S SESSION WOCKHARDT PHARMA FELL MORE THAN 6% WITHOUT ANY RESULTS OR NEWS...!!!
NOVICE TRADERS MAY GET TRAPPED EASILY IN SUCH MOVES BUT ON CHARTS IT WAS ALREADY DISCOUNTED...!!!
YES YOU ARE READING IT RIGHT IT WAS DISCOUNTED WELL IN ADVANCE ON CHARTS AND WE SHALL TRY TO SAY THIS VIA COMBINATION OF 2 DIFFERENT THEORIES. TO UNDERSTAND THAT IN SIMPLE WAY LETS TRY TO SEE THAT VIA SIMPLE CHART IN COMBINATION OF BOTH THOSE THEORIES.
ABOVE IS DAILY CHART AND ON THIS IF WE SEE THEN WE HAVE AN IDEA THAT STOCK WAS RESISTING NEAR TO HIGHER/UPSIDE TRENDLINE AND ALSO IT WAS IN SUPPLY ZONE (MARKED IN RED ZONE) (AS PER ONLINE TRADING ACADEMY'S CORE STRATEGY ~ INTERNATIONAL ACADEMY FOR IMPARTING EDUCATION ON FINANCIAL MARKETS)
THIS IS BEAUTY OF TECHNICAL ANALYSIS AS WE IT IS SAID IN BASICS OF TECHNICAL ANALYSIS THAT PRICES/CHARTS DISCOUNTS EVERYTHING IN ADVANCE BUT FOR THAT ONE MUST STUDY CHART AS IT IS NOT AS PER HIS/HER WISH.
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