Hi,
I am a newbie so please dont flame me if I ask something silly.
I have started learning technical analysis and I tried to read charts of a few companies. Surprisingly, of the companies I chose randomly, most were (what I think) ascending triangles.
1) L n T
2)Pidilite
3)NTPC
4)3i Infotech
Even though it makes a very very negligible percentage of all companies, still I cant ignore the fact that these were randomly chosen stocks. Now what I doubt is that either I am reading them wrong, or the present market conditions are such that this pattern has become more commonplace.
Experts please throw some light.
Thank you.
I am a newbie so please dont flame me if I ask something silly.
I have started learning technical analysis and I tried to read charts of a few companies. Surprisingly, of the companies I chose randomly, most were (what I think) ascending triangles.
1) L n T
2)Pidilite
3)NTPC
4)3i Infotech
Even though it makes a very very negligible percentage of all companies, still I cant ignore the fact that these were randomly chosen stocks. Now what I doubt is that either I am reading them wrong, or the present market conditions are such that this pattern has become more commonplace.
Experts please throw some light.
Thank you.