I am learning TA. i have drawn trend line on DCB bank?
Can you please check if i have drawn correctly?
When would i have entered into an trade for short term?
Can we find the next target using trend line?
I think you have drawn trend line almost correctly , as you are mentioned DCB is for a short term trade , since DCB closed very near to its resistance , intra day low can be used for entry My opinions are chart observations not a
recommendation
I Keep Things Simple.
You see the Crossover in Circle That was the Right Time to Enter into the stock for Short Term Trade.
DCB BANK has a resistance at 191.70 . major upmove only if it trades above 191.75
Is it 5 EMA and 20 EMA crossover?
It’s 14 EMA & 50 EMA.