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sudhannayak
Mar 26, 2020 2:17 AM

Structure of the market - with - support/resistance lines 

Nifty 50 IndexNSE

Description

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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