DOW THEORY IS THE BASIS OF ALL PRICE DETERMINATION IN TECHNICAL ANALYSIS. DOW THEORY IS BASED ON ONLY DEMAND AND SUPPLY IT DOESN’T TAKE PRICE PATTERNS, MINIMUM TWO YEARS HAS TO BE LOOKED TO DETERMINE MARKET MOVEMENTS. LONG AND SHORT POSITIONS CAN TO PREDICTED BASED ON MARKET MOVEMENTS
Recently Active Members
Bullish View
Bearish View
-
Bearish-GAP-SHORT-BICON-25-10-2019 October 25, 2019
-
FEDERAL BANK – BEARISH ENGULFING October 17, 2019
-
Cummins India – Bearish Engulfing – 24Sep19 September 25, 2019
-
Day29-Tata Motors DVR – Bearish Piercing – 12Sep19 September 12, 2019
-
Day27-Bearish-Engulfing pattern-Tech Mahindtra-09Sep19 September 10, 2019
Hi,
Support is where the price tends to stop falling, and resistance is where the price tends to stop rising but there is no assurance that the support or resistance will hold.
When stocks trades near strong support level(along with price pattern or candlestick pattern) it can be utilized as buying opportunity by keeping support as stop loss for your trade Meanwhile, when the stock trades below the strong resistance level it can be utilized as a selling opportunity by keeping the resistance line as stop loss.
Thanks Sir.