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Trend lines can be used to identify and confirm trends. A trend line connects at least 2 price points on a chart and is usually extended forward to identify sloped areas of support and resistance. Lines with a positive slope that support price action show that net-demand is increasing. As long as the price action stays above this line, we have a bullish trend. Lines with a negative slope that act as resistance to the price action show that net-supply is increasing. As long as the price action stays under this line, we have a bearish trend.

Price usually retests a sloped trend line several times, until it breaks at which point we may have a trend reversal. The more points there are to connect, the stronger a trend line becomes. Different strategies have different rules on how far apart connected price points can be and whether to connect wicks or candle bodies, but all trend lines break eventually. TradingView has a smart drawing tool that allows users to visually identify trend lines on a chart. This tool can also be used to illustrate trends on indicators.
MohammedJunaid MohammedJunaid CADJPY, 1D, Short ,
12 0 1
CADJPY, 1D Short
CADJPY: (FXCM) SELL at 84.036 SL 84.280 TGT 82.920

CADJPY on FXCM is a sell on rally today. Sell it at CMP as of now SELL IT AT 84.036 with Stop-loss on closing basis as 84.280 and Target as 82.920

MohammedJunaid MohammedJunaid USDCAD, 1D, Short ,
7 0 1
USDCAD, 1D Short
USDCAD(FXCM): SELL 1.31700-1.31730, SL 1.32032, TGT 1.30468

USDCAD on FXCM exchange is approaching its resistance down-trend line. Which opens a wonderful opportunity with a tight stoploss. Sell USDCAD on FXCM exchange in the range of 1.31700 to 1.31730 with Stop-loss of 1.32032 and Target of 1.30468

seaHP seaHP APOLLOTYRE, 1D, Long ,
101 0 3
apollotyre swing long

Risky paper trade.

pratik2358 pratik2358 PIDILITIND, 1D, Long ,
122 2 5
fevicol #pidilite

a strong upmove on the way looking at the stucture of the chart!

DSKF16 DSKF16 DRREDDY, 240, Short ,
155 1 4
DRREDDY, 240 Short
DRREDDY: Ready for SHORT - Steam almost OUT.

Few point left to COVER Bearish GAP @ 2301 - 2199.95 formed on 16/07/2018. Harmonic Bearish BAT (in Progress) Last Candle: LONG Upper leg "DOJI" - Indicates Selling Pressure (Though Lacking VOLUME). Selling Pressure will be more @ 2338 - 2352 - 2371. Better to SHORT (in Fut) / Book Full or Partial Profit (In Cash). ....rest details plotted 7 mentioned in ...

sassy_ankit sassy_ankit YESBANK, 1D, Long ,
137 0 1
Will YESBANK give a oh-YES moment!!

After breaching 383 & 390 levels, stock will resume its UPTREND in medium term trend. For now, 1) Formed an EXHAUSTIVE candle on friday. (Neutral) 2) On Intraday chart, stock had a very good opening move, but after SBIN results, (being its peer) it also faced a selling pressure. Due to which short covering was seen, but before this event, stock was enjoying ...

rchtgupta rchtgupta ITC, 1D, Long ,
79 0 2
ITC, 1D Long
ITC trading in a range. Ready to burst

ITC long with the stop loss of 299. Target open.

83 0 5
HDFClife Neckline

HDFCLIFE has been respecting the trendline for a few months. Currently testing it again. Awaiting a breakdown/Reversal

premanandh premanandh SBIN, 1D, Short ,
151 1 1
SBIN, 1D Short
sell sbin

a clear-cut break down of rising channel line see in sbin . In daily charts the market has been forming rising channel line but today there is been a break out of the lower channel line we can expect some down move

45 0 2

All the details are posted on the chart Please do your Own Analysis, This is my Personal View & Trade

sourabhkant092 sourabhkant092 NIFTY, 240, Short ,
154 0 1
NIFTY, 240 Short
Nifty future prediction for August and Sept 2018

Nifty has started its journey towards 11541 as indicated by Fib Extension it may touch 11320 levels before moving ahead, here there is a long trendline may give it a strong resistance forcing it to retest 11200 levels. NSE:NIFTY

285 0 3

All the details are posted on the chart

DhruvAgarwal DhruvAgarwal DJI, 1D, Long ,
32 0 1
DJI, 1D Long
Dow Jones Bullish Breakout of trendline.

After Long Consolidation Dow Jones has given a breakout of its daily and weekly trendline. Short Term target 26000.

95 0 3

Can witnessed Harmonic Bearish CYPHER (Last Leg)? Best Intraday LONG: @ 186.30 - 184.70 Intraday TGTs: @ 190.30 - 191.9 - 193 - 196.1 - 198.75 WEEKLY (Positional): @ 199.80 - 204.60 - 209.85 Rest Plotted & mentioned on Chart. Education Purpose Only. If useful Like & Share.

premanandh premanandh YESBANK, 1D, Long ,
226 1 8

Breakout of upper channel line occuring in yes bank one can see chances for buying

99 0 5
WELSPUN Trendline

WELSPUNIN has been in a downtrend since one year. bouncing off the trendline. Currently testing the trendline again, for a breakout/reversal

anandnst anandnst KPIT, 1D, Long ,
65 0 3
KPIT, 1D Long

#KPIT CASH 10 AUG 2018 IF ABLE TO HOLD 285-288... Reversal above 300 only CMP 289.80

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