Why Analyst Go wrong !!!

Many analysts go wrong in forecasting on basis of trend line breakout or such pattern like  h & s, triangle , wedge , etc.

why ?

Here is two Nifty daily chart show you why many analysts go wrong and other take benefits of such forecast

1. linear chart ( many analysts use this scale to see chart and use  for forecast and they go wrong !!! )

In above chart, no current trend break down so the call is not to sell in many cases as per study of the only trend line.

now 

we see chart 2

2. Log scale chart (why here picture turns and smart change there opinion )

In above chart, one can see that the trend line broke in comparison to chart 1.

(click on chart to enlarge it.)

here is your answer why analysts go wrong!!!

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NIFTY TURN AND TWIST

                                 >>> CLICK ON CHART TO ENLARGE IT <<<


CLOSE LOOK TO NIFTY FROM LOW TO CURRENT HIGH, A SIMPLE TRENDLINE HIGHLIGHT SUPPORT AT TWO MAJOR LOW THIS SWING LOW ARE IMPORTANT TO SEE, CHANGE IN TREND WHEN IT'S START TO CORRECT.

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