Jubilant Foodworks Limited
Formazione
Aggiornato

Traders Queries : Finding trend direction.

769
Query : How to find trend direction as I am confused with tails.

Answer : Yellow line is the support which turned as resistance, Once the price has broken the support, it becomes resistance. When price was nearing the support, the candles were forming with long upper wick, which indicates more sellers were coming in. Once the support was broken, trend was bearish and selling pressure was indicated by candles, we can sell.

Conclusion : Find stocks which has broken the support to go short.

Note : Hit like to get more educational posts and please do not write comments :)
Nota
"Typo error" Do write your comments.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.