Classical technical analysis patterns are alive and kicking. On June 8, we gave a buy call for Reliance Capital in our newsletter. (The newsletter is available to newsletter subscribers as well as Trend Analyzer software users).
The pattern was an Ascending Triangle, a classical Edwards and Magee pattern. Here is the chart that was given:
Slowly but steadily, Relcap did go up, closing at 720 today. (Four trading days have elapsed).
Learning is a continuous process. In keeping with this idea, here is a video that shows "How to Tell When a Market is Oversold"
Click Here to find out How to identify oversold markets