A example of trendline

Hi this is a chart showing us the example of trendline.
If u look at this chart u will see that whenever a trend line is broken the new wave or trend is follow from bearish to bullish and vice-versa!
In this chart suppose if any one hav to trade so first he would hav purchased at 51700 as it is facing support at that level (with a stoploss of 51500 to be on the safer side) and then he would sell the same at 52845 where the rising trendline is broken... hmmmm... now he would exit the current position and enter the new position by selling the same order... and would hav exited at 52250 where it is facing support or he should wait for the trendline to give a signal. Again he get opportunity to enter at 52580 as it is confirmed that the trend will continue as it has rebound from 52250 and broken the fallin trendline and would hav exited at 53100 where the rising trendline is broken.


So that was a example of trendline where one do not hav to see and indicator ooorrr volume or candlestick and one would hav earned a good amount of money by trading in silver. You can get this opportunity in forex or stocks or fno..!

It look simple but when u try to trade u really miss the opportunity bcoz u get scared what if i will face a loss... but i hav learn a new thing "If u fear loss... then profit will fear u". Enter the trade with a stoploss so that u can minimize your loss with ratio to profit.



Regards
Rinkesh Jain

Do comment and let me know whether you finding it usefull or not.