Nifty intraday charts - Why did Nifty fall at 2:00 PM today? Observe the trendline touch and massive fall after that. Why did nifty reverse again in the last 15 mins. Again, observe how the trendline was formed and the reversal happened.
#Nifty #trendlines #trading #5minscharts
One can make money just with trendlines, support, and resistances. But, it takes at least a year or two to master trendlines and to take trades based on that. Your eyes should be trained to spot it. And, you need the patience to wait for such trades.
Obviously, this is a hindsight analysis. But, that is how you start to learn. Draw trendlines, Support, and Resistances again and again in thousands of charts and master it. Over a period of time, you will gain confidence.
Nifty - Opportunity to go long - confluence of support and median line support #Nifty #trendlines #trading #15mincharts
Touched exactly the median line, support, filled gap, and a strong reversal. Expecting to touch the upper end of the channel around 11300..
Nifty High 11298!
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