sudhannayak

Structure of the market - with - support/resistance lines

NSE:NIFTY   Nifty 50 Index
Om Namah Shivay

Trend lines are the non complicated way of finding out the market structure.

And from all type of trend lines , Horizontal lines are the simplest.

Result : Market has been respecting the Demands till now. The Trend is - Down trend continuing. And what to do next to continuously know the structure ? Next Action: We will watch our lines for the break to decide the intermediate trends happening in short term etc.

What is the meaning of "Om Namah Shivay" ? Ans : I (the 'soul') respect the Supreme Soul Shiva (Atma is respecting ParamAtma).

Om Namah Shivay
Comment: The Demand and supply highlighter could be reversed as per the Accumulation/Distribution.
Comment: One example of use is
market has crossed our E line making us to go long from E line.

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