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Chart latter

Discussion in 'Technical Analysis' started by bhat64, Apr 24, 2018.

  1. bhat64

    bhat64 Apprentice

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    What should I infer from a long term chart which looks like this. I took 5 year chart and saw a rounding bottom formation and took a small bet only to see it reverse later. Then took the 15 years chart and saw a wavy pattern. Any guidance since I am learning pattern analysis although my portfolio is on fundamentals right now. IMG_2278.JPG


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    bhat64, Apr 24, 2018
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  2. rcube1972

    rcube1972 Member

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    A pattern formed over a span of few years means little. The simple reason being investors that were there a few years back might have exited and a new set of investors have entered.
     
    rcube1972, Apr 24, 2018
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  3. shabbir

    shabbir Administrator Staff Member

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    Agree. The business is cyclical in nature and nothing more can be inferred. You will a lot similar chart of Tata Steel as well.
     
    shabbir, Apr 25, 2018
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  4. mk27418

    mk27418 Active Member

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    Chart for comparatively short period seems more like an analytical chart while chart for longer version seems to be a more trend chart.a wavy chart in longer version making some angle should be considered better and such trendy approach a better way for analysing graph...thanks...

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    mk27418, Apr 28, 2018
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