If everybody think like that and wait for the line to break for going LONG then it will never break on the Upside... Then how it will be breaking..?Anything smells? Please comment. (This is not a funny statement.)
Q: Then how it will be breaking..?
Regards,
Hari.
Q: Then how it will be breaking..?
Regards,
Hari.
i hope I understood your point rightly-
in a well balanced capital market there are different types of people and institutions with different purpose and different time horizon eg trader(day,positional,swing),investor(mid,long term),FII, DII,promoters, HNI,hedgers,arbitrageurs,insiders etc.
all buy and sell according to their own strtegies.
every one is not a trader using TA.
when u think u should buy only when a trend line is broken then it is possible that some one is buying to cover his shorts,some may buy for investing,some buying for hedging F&O position, someone may be buying to capture the price difference of the same stock over diff. exchanges, and all these buy before the trendline is broken .
also resultant of all these different entities may result in the breaking of the trendline for u to take the long position.