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
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
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
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
Example : Cipla
Checkout this complete analysis on cipla
https://twitter.com/marketreader_/status/1631656648052801537?s=20
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