Indian Stock Market and Mutual Funds

Airtel in distribution phase ,major correction coming.

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honest1 said:
Without volume, how to know its a distribution phase?
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Nothing is ever so certain from patterns. It could just be a pause in a trend. Its clearly doing better than index.

Its hard to get it at first - but Nobody knows anything for certain in markets. Anyone can say anything with absolute confidence - it does not mean anything even if he is right 10 times in a row :)

You have odds and risk /reward. Even those are shifting in short term(shifts more) and long term ( shifts less).
Take a pattern/plan/system, Trade it 1000 tines. You lose x, you win y. if y-x = good money, then congrats, maybe idea works.
 
Tracer_Bullet said:
Nothing is ever so certain from patterns. It could just be a pause in a trend. Its clearly doing better than index.

Its hard to get it at first - but Nobody knows anything for certain in markets. Anyone can say anything with absolute confidence - it does not mean anything even if he is right 10 times in a row :)

You have odds and risk /reward. Even those are shifting in short term(shifts more) and long term ( shifts less).
Take a pattern/plan/system, Trade it 1000 tines. You lose x, you win y. if y-x = good money, then congrats, maybe idea works.
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I am aware about all the things you have mentioned about markets :)
I asked since you mentioned that its a distribution phase and for it, volume plays a major role in that!

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honest1 said:
I am aware about all the things you have mentioned about markets :)
I asked since you mentioned that its a distribution phase and for it, volume plays a major role in that!

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1) I did not say that.

2) Rest doesn't matter, text book definitions definitely don't matter.
we have to confirm these things ourselves.
Not everything will work, probably most wont work. Else we can just pick up a TA book and start minting money.
If he sees something from price alone and it has worked well in past, then that's good enough.

3) Volume is generally correlated with price range, so we don't necessarily need it.
 
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