Chart reading and plotting is an universal concept that remains the same irrespective of index. All trades are to be considered as a probability and not a definitive move. Hence stop loss is important.
If you want to learn plotting support and resistance lines, just don't practise on Nifty charts.....go and explore the other markets too. Your learning curve will be exponential. You will eventually understand that technical/price analysis is universal and not local.
Trading psychology:
Stock market is not a place to showcase your emotions. No revenge trading.....PERIOD!
Regards,
Uday
If you want to learn plotting support and resistance lines, just don't practise on Nifty charts.....go and explore the other markets too. Your learning curve will be exponential. You will eventually understand that technical/price analysis is universal and not local.
Trading psychology:
Stock market is not a place to showcase your emotions. No revenge trading.....PERIOD!
Regards,
Uday
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