Trnedline
Playing Trend Linetrend line always gives you best risk to reword if made good entry
on 17march national aluminum given a good technical trade setup where price is over trend line and made hammer on trend line with conformation of same time hammer on 50days moving average and also here is a support level of 114 (drown red horizontal line)
chart already explaining every thing it self
Trend Line :-
Trendlines indicate the best fit of some data using a single line or curve.
A single trendline can be applied to a chart to give a clearer picture of the trend.
Trendlines can be applied to the highs and the lows to create a channel.
The time period being analyzed and the exact points used to create a trendline vary from trader to trader.
Nifty moving towards a big drop and start of bearish trend?What i have observed that whenever Nifty has crossed or got resistance from long time trendline it retrace back, ideally it should behave like that. But due to high momentum in short time retracement can be delayed and that is happening in Nifty right now.
I think the force behind Nifty run is weakening in coming days and fresh drop will start. What do you think about above analysis?
