The trend line is a straight line that connects the minimum two price points to show the general direction in which price points seem to be going.
Traditionally, the trend is used to find the next future price resulting in, it gives the trader a good idea of the direction, in which an investment's value might move. We basically use the trend line for entry...
Nifty through the week was within a falling channel making Lower Lows and Lower Highs. At close today it came into the PRZ of 3 Bullish Harmonic Patterns, namely, Shark, Bat & Gartley. If it were to reverse from this level it needs to survive above 11940 for an hour at least. Then it could move all the way back to test the falling channel at 111975-12025. From...