Tech Master - How to Read Signals

 Buy:

The Tech Master chart has green upward arrows. This shows buying direction. It appears when Current Market Price crosses upper grey color resistance line. This shows that the market sentiment or trend is leaning towards buying and hence in this case, basic trading action / strategy is to buy the commodity.

 Sell:

The Tech Master chart also displays Red downward arrows. This shows selling direction. It appears when Current Market Price crosses lower grey color support line. This shows that the market sentiment or trend is leaning towards buying and hence in this case, basic trading action / strategy is to sell the commodity.

 Resistance line:

In every chart, there are two parallel lines which move along with the candles. Upper line is called Resistance line (or selling stop loss). It is a price level where the price tends to find resistance as it is going up, chances are the price may bounce back and take a downward turn. The Upper resistance line helps to predict corrective movement and helps the trader take benefit of that level either as stop loss for selling or reentry for selling the commodity.

 Support line:

The lower parallel line is called as Support line (or buying stop loss). In an Up Trend, after every rise the market takes a corrective lower slide until it reaches up to near term support. This lower support line help to predict the corrective movement and helps the trader take benefit of that level either as stop loss for buying or reentry for buying the commodity.

  Profit Booking dots:

In the Tech Master charts there are lot of blue dots that keep appearing from time to time and these are called Profit Booking dots. In Upward trend if a blue dot appears, it means market is likely to take sideways movement for a while before it will continue the further Upward Trend or market could reverse and take a down turn from this top. This can help the trader decide whether to take partial profit or full profit in current buying position and exit the position or at least revise stop loss to given support line. In a down trend, if a lower low blue dot appears the trader can take partial profit or full profit in current selling position accordingly.

Traders and Investors who know how to interpret the Tech Master signals can leverage them to help identify price reversals, price extremes and trend strength. It is proved time and again that in a whole day, the market gives 1-2 sure signals to buy/sell.