I am newbie to the stock market, just experimenting for now. Could you please check whether or not the trend lines I have drawn are correct?
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Why do you have to make this difficult by redacting the name of the stock? Please make it easy for those who want to answer the question. There's not much to hide. I've already found the name of the stock. – Flux Jul 11 '21 at 19:08
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All trendlines are correct; all of them are useless; technical analysis is basically astrology. – user253751 Jul 12 '21 at 08:10
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There is some inconsistency. Why are your lower trendlines staying below the lows but your upper line is going through the may peak? – Manziel Jul 12 '21 at 08:27
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Past stock prices do not predict future stock prices. – Five Bagger Jul 12 '21 at 11:47
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These trendlines are fine. On Money.SE there are a lot of people who have no idea about technical analysis. To add to your understanding I would suggest looking at RSI and exponentially weighted moving averages. I suggest a number of books / ideas on this post https://money.stackexchange.com/questions/47660/technical-analysis-not-working/63336#63336 – Marcus D Jul 17 '21 at 12:05
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Why did you censor the name of the stock? It didn't take me long to figure out that it is the Steel Authority of India Limited (NSE: SAIL). – Flux Sep 13 '22 at 09:02