4021 will become support if its gives breakout
Zome support – 5000 / major support is lower support only
Sellers dominate
Lower high lower low
resisa
Resistance – seller activate ho jate hain
Resistance level consolidation is important
Direct resistance breakout is false breakout
Break - > retest and go up then buyers are active . old sellers have sold it
Breadown at resistance – will go heavy down
Consoliation or retest ka intezar karenge breakout ke samay
Touchpoint
Trendline – 2 touchpoint
Candle Stick
Green candle should be formed above high this gives indicates bullish price action form
Support par inverted hammer or hammer – candle stick form – green candle will go high then trades
will get confirm
Support par hammer bana but it created green candle but ye low ke niche nahi gaya but small
correction it went high
Stock falls down continuously Red candle is absorbed by green candle then it will be bullish
Chart Patterns
Reversal chart pattern / continual chart pattern
W pattern – dowble bottom
Girte hue stock ko uper lekar jata hai
Lower high and lower low
On every high seller is activated
W pattern banta hai from down
It means reverses
1. Stock down trend hib chahiye
2. Stock low break nahi hona chahiye
3. Few qty near w next on bullish move
M pattern
Stocks goes up and up then comes down as M pattern
W or M pattern on weekly time frame is strong
Trend reversal
Flag and pole
Trend continuation chart pattern
Trend contuniation –
Triangle pattern
Same as flag and pole
1. Trend uptrend – buyers/ sellers
2. Uptrend – buying levels mark – buying level break -its support level – sentiment changes to
bearish
3. Bullish pattern then average kar lena
4. Bullish price action after small correction – bullish patterm, w pattern then waha average
kar lo
5. Uptrend – consolidate then we can average
6. Downtrend – selling level or resistance mark – view bearish – INSTANT SUPPORT don’t buy
stock
7. Tab w pattern Banega tab lenge stock – neckline break
Cup and handle
fibonaci retracement
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