Trendline is basically use for majoring trend 📈 of any stock.
It is also useful for indentify demand & supply ....
Here it's applications 👇
➡️It is formed when a diagonal line can be drawn between a minimum of three or more price pivot points.
And that all three points must tested equally.
example 👇 #sis
➡️ Trendline is mainly useful for identifying trend 👇
⚡Uptrend - #happiestmind
⚡Downtrend - #bluedart
➡️ It is also useful for support & resistance.
Ex - ⚡ #happiestmind
⚡ #omaxe
➡️ It is also useful big trend changing move 🚀
⚡After 4 years of consolidation #sis is ready for trend changing .
⚡ #adanipower is also consolidating from 9 months now it's trend going to change after trendline BO
Hope this is helpful 🙏 for inhance ur knowledge 📚
Follow @Trading0secrets more techincal threads 🧵
Next thread 🧵 I m going to make on demand & supply (zone) .
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