Support Resistance Exercise : Why I don't follow it
Hello There,
I do not know if you ever tried this this or not, but I would like you to do a small exercise and share your observation on comment section -
What to do -
1. Open BNK or NIFTY chart (cash Future etc) and Go to back dated chart like 5 or 8 months back
2. Now draw a random Horizontal line at any price level
3. Now slowly move the chart on forward direction and Check how perfectly your horizontal line worked as support and resistance to trade
4. Use this on the time frame in which you prefer to work
Regards,
Anonymous
I do not know if you ever tried this this or not, but I would like you to do a small exercise and share your observation on comment section -
What to do -
1. Open BNK or NIFTY chart (cash Future etc) and Go to back dated chart like 5 or 8 months back
2. Now draw a random Horizontal line at any price level
3. Now slowly move the chart on forward direction and Check how perfectly your horizontal line worked as support and resistance to trade
4. Use this on the time frame in which you prefer to work
Regards,
Anonymous
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.