Skip to main content

When Support react as a Resistance ??

When Support as react Resistance ??

This is a picture of Nifty index. Multiple lines (Red & Blue) are indicating the same line but reacting different logics. Future support line can react as resistance line which may be fair and reasonable for this chart. 

You can choose any chart where find out the same type of pattern which can help you to find out your best trading level. Double support or double resistance breakout can give you more points for your trade if you compare to the single one.

This chart showing both types line which act different level in different times. Check out it carefully and follow the trade as per your prediction.


Enjoy the trading !!! 

Labels:

Comments

Post a Comment

Popular posts from this blog

BEST FOR INVESTMENT (STOCK MARKET OR MUTUAL FUND)

Mutual Fund A mutual fund is an investment vehicle that pools together the money of many investors and uses it to buy a diversified portfolio of securities, such as stocks, bonds, and other assets. Mutual funds are managed by professional fund managers, who choose the securities in the fund's portfolio and try to maximize returns for investors. Mutual funds offer several benefits for investors. They provide professional management, as the fund manager is responsible for making investment decisions on behalf of the fund's investors. Mutual funds also offer diversification, as they invest in a variety of securities, which can help to spread risk and reduce the impact of any one security's performance on the overall fund. Mutual funds also offer convenience, as you can buy and sell shares in a mutual fund through a broker or financial advisor. There are many different types of mutual funds available, including stock funds, bond funds, money market funds, and balanced funds. Ea...
Post a Comment
Read more

The Powerful Indicator for EVER !!!

The indicator is a very popular indicator by which you can easily take different types of trades. If you follow this indicator well, you will get the best result from it, if you can keep it Properly on your Watch List. I have discussed various techniques of RSI on my YouTube channel and you can watch those videos if you want. Here is a step-by-step how to trade RSI in full detail. If you follow this indicator properly, I would say that you will become an expert in the technical trade of the market because the indicator is applied in all the time frames in all the markets. Here are some simple tricks of RSI that will help you in a very good way like double crossing from where you can get a healthy profit if you can properly identify it.  In the picture below you can see the proper place of the two double line crossings from where the stock moment has changed and a message showing a profit. Every time frame in the stock market is significant and each time frame has a different tradin...
Post a Comment
Read more

HOW TO CALCULATE HOLDING TIME & TARGET ACCORDING TO THE CHART TIME FRAME

This is for those traders who use technical charts for their trading Which time frame is for how long to hold  !!   Monthly Chart                             : For 6-24 months Weekly Chart                               : For 4-12 Weeks Daily Chart / EOD chart    : For 4-10 days Hourly Chart                          : For 1-3 days 30 mnts chart                       : For same day to 1 day 15 mnts chart                        : For Same Day 5 mnts & 3 mnts chart      : For same day Which time frame is best for which t...
Post a Comment
Read more