Get started

Trend Line Break

FALLING TREND LINE Education Falling trend line: Rising trend line is the type of trend line which typically helps trader in identifying the exact bearish momentum (downward trend). The rising trend line or descending trend line, be connected from highest price traded within the time range, and connect to the lower prices of the asset or security. Traders may prepare for selling after retest of the falling trend line and stop above the trend line. It helps minimizing risk and maximizing rewards when used appropriately.
Education
by CELGIB_TRADING
How to trade a breakout successfully? We shall see the chart of century text & ind in the 2-hour time frame. The script had resistance at around 820 where a double top pattern had formed. The third time when the share price approached this resistance trendline a strong green candle was formed breaking out of the resistance. This green candle denotes a breakout. Risky traders usually enter a trade when this breakout occurs. The breakout can be further confirmed by the resistance trendline switching its role into a support line now. This is where most risk-averse traders take the trade. After taking support at the same 820 level we can see the script rallying upwards. The targets can be marked using the Fibonacci extension. The stop loss for this trade should be below the trendline. Happy trading!
CEducation
by Stock-Holmes
Trade Using Multiple Trend Lines Important Note:- Very complex and professional techniques I have discussed in the below texts. So my friends read this minimum 3 times, otherwise you will not get the inside what I'm saying about. See how a professional trader using multiple trend lines in a chart and find out opportunities. 1. Here you can see two old trendlines are there and two new trend lines i.e. support & resistance line. 2. Price has been take support and resistance in different different position of the chart and if we join them then we can see a different trend channel in different angle along with previous one. 3. Trend channel already change few months ago i.e. new support line and new resistance line. 4. Now break in the upside direction. 5. So we can take position on direction of the breakout. But my friends there is something more in this story, Actually we can't recognize multiple support and resistance in same direction , that's why we can't draw trend lines there. Reality is there is the difference, between professionals and intermediate or beginners. We have to look into the chart in different way all the time then you can see the chart differently or in professional way. In this chart the price already break the old resistance line and now it's break the new resistance line with big bullish candle. Also previous support and resistance line nothing but a symmetrical triangle pattern. By using multiple trend lines you can see the different opportunity in different position of the chart and you have to choose the correct one which have highest provability to move the price in your way. I know this concept is little bit complex but if you download this in your mind, in near future you will get the taste of success.
NSE:RELIANCEEducation
by marketaffairs