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Support and Resistance

Real-Time a "Price Rotation" on NIFTY with comprehesive study.A previous-Resistance & trendline R. still existed at 11783. I did not cover here penetration because I teach about it earlier. ---> Hit LIKE button to get the ALERT by notification. ------------------------------------------------------------------------------------------------------------------- WHAT IS "PRICE ROTATION" and all about it? Price Rotation is used in technical analysis to describe the movement of a stock's price within a well-defined small area. It is generally caused due to trader indecisiveness Price movements are broken upon major news. The price rotation is the fair market value. The Price-Rotation or up and down movements that travel from the value area high to value area low and back. Of course, with the sellers being in control and pushing the price down slowly, we do not get to have all the price rotations at the same price level over and over again as it happens in value areas where the price is moving completely sideways due to the perfect balance between supply and demand. Those type of value areas will offer extremely powerful support and resistanc e areas for future price action . In the case of the shifting value areas, price spends less time at one single price area. However, we will use these value areas to construct a bigger price structure that will give us a huge opportunity to succeed in the trade. I WILL WRITE ON THIS TOPIC VERY SOON : The difference between true breakouts and false breakouts, how to use price action, volume activity, and different time frames to confirm the breakout, and how to trade them correctly. What is penetration and why we use it?
NSE:NIFTYEducation
by Trade-Technique
5
How to identify Hidden divergence with the help of RSIThis example is bets suited for RSI hidden divergence. We all know double bottom or double top RSi divergence to identify trend reversals. But with the help of Hidden divergence we can find out trend continuation. Lets start !! - On 18 April stock is traded 411 and RSI shows the 51.29 reading . - But it break the support level and fall further. - it again renounce back to 411 level but this time RSI shows 68 levels which close to overbought region . - At present condition we have resistance level 412 also. - So we can Short it with the stop 412 on closing basis . Only Condition is stock has to be in same trend Down or Up See the Past example
NSE:DABUREducation
by b1Chetan
8
Nifty OutlookHello, Please refer my Nifty Posts on Friday. As I mentioned in that post-Nifty moved 190 points downside. For tomorrow also my view is negative but if you are trading in intraday then don't think that you will get one-way fall. There is major support @ 11595 to 11610 and Major resistance @ 11685 to 11700. Also If Nifty break 11590 level then doesn't think it will fall one way. There is also major support @ 11530 to 11560 in this gap. If you have a short term view then the upside is capped buy still there is a juice left in the downside. The important thing is your perfect entry will decide your profit. Thank You :)
NSE:NIFTYEducation
by swapnilchoksi