basic learning of trend line support on daily and weakly charts
Hello everyone, this is my first video so pardon me for not being very good speaker.
i have tried to show how trend line support or resistance works(it doesn't mean it will always work).Being a TA we have to identify these levels and act accordingly. On weekly chart if u will see as shown in video we could have easily identified the 1st target on upside and on downside we can expect from where it can bounce back.
Next video will try to show the use of RSI for better confirmation and we will discuss on other stocks too.
JUST A SIMPLE APPROACH TO SHOW YOU THAT HOW BEAUTIFULLY TA WORKS AND WE DON"T HAVE TO MAKE IT COMPLEX.
i have tried to show how trend line support or resistance works(it doesn't mean it will always work).Being a TA we have to identify these levels and act accordingly. On weekly chart if u will see as shown in video we could have easily identified the 1st target on upside and on downside we can expect from where it can bounce back.
Next video will try to show the use of RSI for better confirmation and we will discuss on other stocks too.
JUST A SIMPLE APPROACH TO SHOW YOU THAT HOW BEAUTIFULLY TA WORKS AND WE DON"T HAVE TO MAKE IT COMPLEX.