I was Thinking of Writing This post since a Long Time Now ...Finally got Ample time to Write it , Thanks to today's Holiday& Happy Holi to ALL !!
In my Previous Post TECHNICAL ANALYSIS AT ITS BEST:TECHNICAL ANALYSIS IS AN ART & NOT A ROCKET SCIENCE !! Im Given a Importance of TREND-LINE.
I'm Posting 5 charts here Which Clearly tells you the Importance of Moving Averages as a Major tool in predicting a Major Breakout in a stock or a major Support , and Also Gives you the clue to hold your Position for Longer and Profitable period of the time. Many were Buying XYZ stock at X rs and sold in a profit of 2/4%. after some time or month stock run like a mad then they thing they might be unlucky :D
I'm Not saying that if you know about moving avgs you'll become an Analyst , No and Never, Its Just a Tool or part of Technical analysis.
SO LEARN & THEN EARN :)
TECHNICAL ANALYSIS IS AN ART & NOT A ROCKET SCIENCE !!