Tag: resistance
Master Pitchfork channel to improve your trading experience
Pitchfork developed by Alan Andrews is a trend channel tool consisting of three lines- a center median line and a pair of lines above and below the median line which [more]
A comprehensive study on Support and Resistance
Two of the most basic, yet effective, technical patterns are support and resistance. These events are horizontal trendlines which cause a stock’s direction to reverse. When prices are falling, support [more]
Bank of Baroda: Worst result in bank sector, stock up 19%
Bank of Baroda announced its 3rd quarter results on the 13th of Feb, for FY 15-16. The results were the worst one posted by any bank so far. However, when [more]
Principle of Polarity
PRINCIPLE OF POLARITY The Principle of Polarity states that once a Resistance (Support) level is breached, it changes its nature and becomes Support (Resistance) the next time it is approached. [more]
MARKET WRAP , 13th Jan , 2016
Market Wrap! Good Evening! There was a lot of activity in the market today. Nifty nose-dived from 7580 . As we can see on the chart, this level has been [more]