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Market moves in waves ...the theory predicted by Elliott ..so if you are thinking that market will reach 5500 easily in one go it is very difficult and if you are thinking that market will come down to 4500 it is too very difficult ...
Reason is at every down fall invites so many buyers/bulls and every up move invites so many sellers / Bears ..
So due to this tendency of market and human psychology market price settles at any level at every closing ...
either at minute , hour, day, week , month and year ..
TA provides study of olden moves and by seeing those moves we predict future moves ...saying is there .. history repeats itself so the market ...when market opens maximum trades done in first minute and max pre market orders cleared at 1 go as per software selection ... and software selects the opening price most convenient where maximum trades completed in one go ...
Reason is at every down fall invites so many buyers/bulls and every up move invites so many sellers / Bears ..
So due to this tendency of market and human psychology market price settles at any level at every closing ...
either at minute , hour, day, week , month and year ..
TA provides study of olden moves and by seeing those moves we predict future moves ...saying is there .. history repeats itself so the market ...when market opens maximum trades done in first minute and max pre market orders cleared at 1 go as per software selection ... and software selects the opening price most convenient where maximum trades completed in one go ...
Today market may trade as per negative bias ...
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