🚨📈 Why Price Patterns of a #Stock is Most Important.
Learn the Complete Price Action in 5 Minutes🧵
Stocks move in a zig-zag pattern
In uptrend: Price makes a series of higher highs and higher lows.
In downtrend: Price makes a series of lower highs and lower low
Remember, only buy stocks that are in uptrend 📈
You can Use Trendline to know when a stock shifts from down trend to uptrend.
Example: Route Mobile
In Uptrend, After a good move, a strong stock tends to take support near the 21 Moving Average or near 50 MA (Depending on Market Structure).
After the support, stock resumes its uptrend📈
You can take fresh entry near Support
Example: ABB India
This is What Happens When Stock Breaks Trendline
Example : Cipla
To Learn More, Join:
telegram.me/marketreader
Checkout this complete analysis on cipla
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