Looks excellent. Reversal from primary trendline as well

It took me 10+ years & more than 1000+ hours of practice…

to master these 5 IMPORTANT RULES WHILE DRAWING TRENDLINES 🎯

These simple rules, if mastered, can help one spot HIGH PROBABILITY TRADES!

Ready to learn?🤓

Let’s go🧵…

1⃣ Trendlines are zones and not a single line!

- Due to volatility in price, many times prices tend to spike on both sides
- So, consider trendlines as zones from multiple swing highs(include wicks) to get the best fit trendline
- Your winning probability increases with zones

2⃣ Trendlines with more touchpoints

- Any trendline with 3 or more touchpoints is a very significant one
- The price points around significant trendlines are important & should be watched

Observe the commentary in the Nifty chart below

3⃣Trendlines on higher Time Frame are more significant

- A trendline on the 15 min chart will be easily broken than a trendline on the daily
- A shorter time trendline break might just mean a consolidation phase before the price moves up again resuming the larger trend

4⃣ The steeper the trendline the more likely it will break

- The less steep the trendline angle, the more significant it is & more likely to be respected.
- Any trendline with an angle greater than 30° is steep & likely to be broken before the previous trend continues.

I've spent months trying to identify how to find a stock that is about to outperform markets...

And, finally I nailed down on this 👇

Relative strength!

Here is a simple indicator on Trading view for you!

https://t.co/Iwl5cw6Gv6

RT to help people find outperforming stocks!

#CNXSmallcap definitely does NOT look good!

Large base breakdown is never good that too on weekly charts!

I spoke about this support in this weekend #Youtube live video.

Watch here 👇

https://t.co/Fva0CUlT1z

#SBIN It is ready for big flight. For long term. Details given on chart. (Tweet is for educational purpose. It is not trade recommendation.) @S1_1NNY @SUM_Dhamija @Breakoutsfreak @rachitpjain @Puretechnicals9 @chartmojo @jatankothari @JayneshKasliwal @ProdigalTrader

A small look in the history: 2000-2010

Total 10 year returns: SBI up 2225% Vs ICICI Bank 1016% vs HDFC bank 890% Vs Sensex 502%

Yes - there was a time in history when PSU outperformed the private sector

sbin :
Breaking out on medium term charts !!!

#sbin
#sbi
#nifty
#banknifty
#EquityDynamo

#SBIN

Sbi could test 569 since it has a pending vertical count around that area. Need to wait for close above 441 for the next Follow through buy & better RR.

Till it holds 398 it remains in Buy zone.