Nobody can! I dont make predictions. I trade on realtime inputs. And I never said technical analysis is not required. It is useful but has made things more complicated than easing out. People are confused all the time. Every technical expert will say different views on chart patterns & price predictions.
I dont take trading positions if some indicator is suggesting. I don’t even read candle sticks, waiting for 3rd candle! Red or green! Doji star, hammer head. Omg hahah. Enough.
Regarding RSI, & similar parameters, its a never ending debate , if prices follow chart patterns or chart patterns follow prices.
Which one follows other? Nobody can tell foolproof with authority.
But yes Technical Analysis is useful, it is required. Its interesting & useful. But I see people diving real deep in the middle of it getting them nowhere.
Today one person bought bank nifty call of some strike price in first half at 100 rs telling me he did detailed analysis studying Bollinger bands, RSI & applying other indicators it was a sure buy.
I told him without a second thought WTH u did???
He made a loss of 20 rs per lot as bank nifty call premium declined to rs 60 levels & later after a volatile session did gave him an opportunity to cut down his losses.
The person accepted his fault of getting into wrong trade.