As suggested yesterday that one should exit from Hero Honda as stock is ready to fall or move on its downward journey as stock had formed a bearish harami candlestick pattern formation and true to our prediction as given yesterday; today stock has closed in the red.
Thus with correct technical analysis one can accurately predict the upside and downs in the market. However remember that coupled with technical analysis one has to have the requisite experience in the market to be able to read the correct prevailing trend in the market and read the charts accurately. If that was not so one would have had become Top Analyst of India by reading the Best Technical Analysis Book ; as it is more of combining the bookish knowledge with experience.
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