vanathi

Traders Queries : Finding trend direction.

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vanathi Mod Telah dikemas kini   
NSE:JUBLFOOD   JUBILANT FOODWORKS
Query : How to find trend direction as I am confused with tails.

Answer : Yellow line is the support which turned as resistance, Once the price has broken the support, it becomes resistance. When price was nearing the support, the candles were forming with long upper wick, which indicates more sellers were coming in. Once the support was broken, trend was bearish and selling pressure was indicated by candles, we can sell.

Conclusion : Find stocks which has broken the support to go short.

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