yea ,tight range between the two center lines. < a different way to look at the same chart :) >
NeeteshJain
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@Einstein15, This looks even better, let me know how did you draw such lines and what is the purpose or significance of it?
Thanks for sharing.
Einstein15
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@NeeteshJain, Well, if you are talking about the tool used, its just a PARALLEL CHANNEL tool instead of simple trendline tool.
I like it better than a single line, coz we can adjust the width of it, which act as a range rather and a level.
What i mean is, how sup/resitance is not always a single level, but a small range, the width of tool defines the range.
Like how in YOUR lupin chart above, the support is a range from 920 to 924. and one needs two lines(not one) to cover the double bottoms
Same goes with the trendlines.The width help to cover lot more spikes and smooth out the pattern
charishpal
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entered 1001
NeeteshJain
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@charishpal, Good, keep holding it, it is indicating a strong uptrend.
Vishuandvishu
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Lost 6k in this trade.
Dear sir, i am not complaining but just updating status for all the trades. Last week updated for titan as well. You are doing great job and help by sharing your trading ideas here
Sarsans
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Infy resisted at 925
NeeteshJain
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@Sarsans, Yes, now once it breaks above it then it shall further move up to 960 levels.