Looks excellent. Reversal from primary trendline as well

#DJI seems to be taking support today with a similar kind of price action observed around the trendline.

Are we in for a snap-back rally in the coming days?

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1⃣ Trendlines are zones and not a single line!

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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.

#sbin looks good for 390/415++ lvl until it holds 50dema clbs !!

#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