I got many mails asking knowledge about technical analysis. Here i am presenting example of " rule of polarity " with the concept " trendline ".
Today we exited the crude trade with the profit of Rs 3,500 to 4000. See the original past post namely buy crude @ 3570. In that post charts posted in update 2, update 3 & update 4. I am giving you that charts again here. Read remaining part of this post below the charts.
In first chart there is declining trendline, which made declining triangle. ( go to google to know meaning of declining triangle ). price of crude is locked within this triangle. You can see that, the price couldn't cross the trendline and so the trendline was become resistance for crude price.
In the second chart price break this trendline but failed to sustain above it and returned in triangle again. But with the second attempt , it crossed it upwards and sustained above it. So I wrote there that," now the rule of polarity will work. Resistance line become supportline now.
See the magic of this technical rule of polarity, price had taken support with this trendline and fly upwards.
One of my blog reader always asks me by mail that," how can I got intimation before price action actually happens ?" Here is the answer shown in the charts. I never enter in a trade if I have no strong reason to do so. And the result is on this blog itself. Just calculate the profits from prior posts. as you all are my regular readers, you know that, here is nothing to hide.
Thank you, read & study this post very carefully with the help of Mr google. Hope that you all intraday guys will become expert in trendline, declining triangle and the rule of polarity by reading this post☺☺☺☺. Say Jay Shriram.
Today we exited the crude trade with the profit of Rs 3,500 to 4000. See the original past post namely buy crude @ 3570. In that post charts posted in update 2, update 3 & update 4. I am giving you that charts again here. Read remaining part of this post below the charts.
In first chart there is declining trendline, which made declining triangle. ( go to google to know meaning of declining triangle ). price of crude is locked within this triangle. You can see that, the price couldn't cross the trendline and so the trendline was become resistance for crude price.
In the second chart price break this trendline but failed to sustain above it and returned in triangle again. But with the second attempt , it crossed it upwards and sustained above it. So I wrote there that," now the rule of polarity will work. Resistance line become supportline now.
See the magic of this technical rule of polarity, price had taken support with this trendline and fly upwards.
One of my blog reader always asks me by mail that," how can I got intimation before price action actually happens ?" Here is the answer shown in the charts. I never enter in a trade if I have no strong reason to do so. And the result is on this blog itself. Just calculate the profits from prior posts. as you all are my regular readers, you know that, here is nothing to hide.
Thank you, read & study this post very carefully with the help of Mr google. Hope that you all intraday guys will become expert in trendline, declining triangle and the rule of polarity by reading this post☺☺☺☺. Say Jay Shriram.
Thanks for sharing this information with us
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