Trendline is basically use for majoring trend 📈 of any stock.

It is also useful for indentify demand & supply ....

Here it's applications 👇

➡️It is formed when a diagonal line can be drawn between a minimum of three or more price pivot points.

And that all three points must tested equally.

example 👇 #sis
➡️ Trendline is mainly useful for identifying trend 👇

⚡Uptrend - #happiestmind

⚡Downtrend - #bluedart
➡️ It is also useful for support & resistance.

Ex - ⚡ #happiestmind

⚡ #omaxe
➡️ If three point 📍have not be touched clearly then it is wrong ❌

Ex - ⚡ #bluedart

⚡#zeemedia
➡️ It is also useful big trend changing move 🚀

⚡After 4 years of consolidation #sis is ready for trend changing .

⚡ #adanipower is also consolidating from 9 months now it's trend going to change after trendline BO
Hope this is helpful 🙏 for inhance ur knowledge 📚

Follow @Trading0secrets more techincal threads 🧵

Next thread 🧵 I m going to make on demand & supply (zone) .

More from Vikrant

🌟Lesson 1 - weekly /monthly breakout push stock price 30/50% higher in 2/3 weeks.

Ex- #sastasundar after breakout 145/155 zone , stocks in 2/3 weeks given 30/40% return.

And in 2/3 months it was double 💞 https://t.co/9kkc3IV4Lo


🌟Lesson 2 - if stock is making same pattern ( in 2 /3hours chart) after given breakout of (weekly /monthly chart) , then chances of stock going up is much more.

Ex - #HGS after given breakout of Trendline ( range) in monthly chart, again making same pattern 4 hours chart. 💞


🌟Lesson 3- if stock never come to retest it's weekly & monthly breakout zone then the chances of it's 2x is much more.

EX - #happiestmind everytime consolidating & making new high. 💞

@chartmojo
@charts_breakout


🌟Lesson 4 - when whole market fall still strongest stocks only consolidate or move down very little.

Ex - when this march market took correction 800/1000 points #jindalpoly just consolidating from that time.
Now ready for new high . 💞


🌟Lesson 5 - when market recover the strongest stocks recover very fast & will make new high.
Ex - #happiestmind when market take little correction & again bounce little , then #happiestmind made new high before market .

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