trend

S

sachin divase

Member
#21
#21
cmlee said:
if the chart is on uptrend the 0% should be placed at the highest price and 100% should be placed at the lowest price?

also, normally what percentage of retracement do we look at on the uptrend?
Click to expand...
No, its not the way.I have shown standard practise.You try according to your saying,metastock will give same levels as shown.
Upto 50% -61% retracement is quite healthy.
If it doesn,t rebounces from it , stock becomes weaker.
 
J

jaideep

Member
#23
#23
cmlee said:
how can i learn to see this?
any indicator that can help me on looking at trend ?

i have also uploaded the full chart again. pls see if the uptrend is still intact. thanks
Click to expand...
As Sachin Divase has said, not enough data perhaps to put a firm finger on the trend. Why riddles cmlee? What chart is this? Name it so that everybody on this exercise could get a suitable range on his/her own for this stock/index & give you a satisfactory answer? Am curious too. All part of the homework cmlee. Don't take any offence to my request please.

Cheers & happy Learning, like most of us are doing here in this forum.
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
J Trendicator Day Trading 0
A Upward Trendline Forex 12
W triple supertrend afl AmiBroker 0
N Trend for the Coming Week Swing Trading 1
B Super Trend AFL required AmiBroker 0

Similar threads