Market is nothing but.....interpretation and psychology.....you can handle everything in your life and Market.....with interpretation and psychology...
Example : Tata Steel - Yesterday Result Move
Everyone yesterday thought of Tata Steel will fall 5% or 10 % because of Bad Result....but....not happened .....why ?
Simple.....Morning it has opened...near to bottom (confirms...trend will resume upside) it has bottomed out
And everyone in this market knows, result will be bad....then how it will fall.......
You should interpret and trade in the other way round...
One should know....how to read the chart and trade...
All traders are using some levels....but.....reading important cyclical reversal level needs experience and knowledge....
20% Technical........Rest 80% (Interpretation / Psychology / Money Management / Application of Knowledge)...
One of my follower asked about Tatasteel in the Morning....Exactly I told the samething in the Morning "Don't Sell"
That is called Experience and interpretation...
Take Care..
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