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Trend Lines

Price rotation Price moves because of the war between the bulls & bears. Direction is decided by who takes the control. Generally whenever price is nearing support or resistance, the intensity of the war between bulls and bears increase. Therefore price consolidates. I have marked it in yellow rectangle box and that area is known as "price rotation". Still the bear trend have not changed. Check the yellow dotted line. price is still rotating at this level. At this price rotation area, do not get confused with "tails" or "upper wick". Look for the nearest support/resistance and confirm the trend before entering the trade. Hit LIKE button for Live Alert/Notification.
NSE:NIFTYEducation
by vanathi
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