Stocks - Basics
> Price action - Price action is simply how prices change - the action of price tradingview.com -> analysis for beginners Support - Resistance if reaching to bottom from top the base acts as support, if reaching top from bottom top acts as resistance. So here initially A,B are support and C,D became resistance But when Graph broke resistance and reached new height then same and stablizing on C,D then C,D became support and 200 became resistance. Trends - Up trend (Bullish), down trend(bearish) and side trend. Short Selling - selling before Buying (for downward trend) Tools: Uptrend(higher high , higher low) , Down trend (Lower high ,lower low) drawn both Up trend and down Trend Trend Line- creating line on up trend and down trend. make a line for support and resistance in such a way that we analyze where to buy and sell stock. fr uptrend buy on current higher low sell below next higher high. Horizontal Line- same draw line on support and resistance ...