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Sideways market- Trades between support/resistance lines

Sideways_trend_tutorials

What is Sideways Trend? Also known as neutral trend. A sideways line is a horizontal line and can be drawn by connecting two or more equal lows. Sideways trend line acts as an support as long as the price remains above the trend line.

Each low in an uptrend signals a probable buying point. More points in the trendline indicates more validity and strength of the trend.

Volume Like other technical indicators Volume also plays a vital role in affirming the trend.

But in sideways market there is no such pattern for volume documented because bulls and bears are equally strong however one can see little increase in volume near a support and not a major decrease in volume near resistance. However a sharp increase or decrease in volume is an indication of breakout. One may also pay attention to other technical indicators like MACD, Relative Strength Indicator (RSI), etc., for confirmation and strength of the trend.

Now we have understood what Sideways trend is. Now its time to look into other trends pattern and how they are interpreted in real time. Please follow these links to find about trend. We have explained them in details and provided you with ample real life examples of them.

Example of Sideways Trend Formed By Reliance Capital Ltd.

Sideways_trend_Reliance_Capital

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Related Tutorial On Technical Analysis

Trends Basics Uptrend Basics Downtrend Basics Sideways Basics
Trend Strength By ADX Tool to Find Trend Trend Trading Strategies Common Mistakes in Trend

Trends Stock Screener of Indian Stocks can be found at

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