Tradingshiksha
Education

BASIC CHART WITH SIMPLE TRENDLINES TO TRACK NIFTY MOVES

NSE:NIFTY   Nifty 50 Index
THE ABOVE CHARTS CAN BE USED BY BEGINERS TO UNDERSTAND THE IMPORTANCE OF TRENDLINES AND HOW THEY CAN EASILY HELP YOU PLAN A TRADE.
Many of people who start with technical analysis make the biggest mistake of not learning the importance of drawing trendlines and they start following random indicators.
if you want to be good in technical analysis then make yourself strong in identifying trends and drawing the basic trendlines . In above chart you will notice how Nifty have respected the green line passing thru the yellow channel and now when we have a prolonged rally for almost a week and nifty is about to test the topmost of yellow channel it may fall back to test green line and gather some strength to breakout of channel.
also notice how ichi cloud support coincides with the green line.
if you need any further help feel free to dm me and dont forget to like and support the above chart.
you can also join my telegram channel tacharts whose line is available on my tradingview profile.
You can join my free telegram channels

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how did u draw top yellow line?
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@nevveiga, that's a basic channel. i have shared a video regarding the same in my telegram channel, you can find the link for the same on my profile.
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Bro please explain in telegram how you made the green line. Thanks
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So you are going to say that before we see 11000 + , there is one more DIP
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Tradingshiksha AayanshMalik
@AayanshMalik, No I have not said anything like that, you are interpreting it as per your thought process and that's the basic mistake we all do. Chart simply says we have a resistance at the top of yellow channel if it fails to break it then we may retest support on green line.
Trade on certainty and not on probability.
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Can you please draw a daily chart with the channel without an ichi cloud to understand better ??
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@joel-vg, HERE IT IS
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joel-vg Tradingshiksha
@Tradingshiksha,

Thanks Ta , Now very clear

Thanks once again
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