ORIENTHOT — A rising line is meeting a flat topOriental Hotels LimitedNSE:ORIENTHOTdgupta88Look at this chart in two parts. The top: Since late June, the price has gone up to the same level again and again, and each time it stopped there. It has touched this flat top about 8 times. Sellers are waiting at this level. The bottom: From the April low, the price has been making higher lows. If you join these lows, you get a rising line. Every time the price came down to this line, buyers came in and pushed it up again. So the sellers are holding the same level, while the buyers are coming in at a higher price each time. The space between the two lines is getting smaller and smaller, and the two lines will meet very soon. The 50 EMA (blue line) is also rising and is now just under the price, giving extra support. What to watch: If the price closes above the flat top, the sellers have finally given up. That can start a new move up. Check if volume is high that day. If the price closes below the rising line, the buyers have given up and this setup fails. Till then, the price is stuck between the two lines. Just wait. When the space gets this small, a big move usually comes soon. We just don’t know which side yet, so let the price tell us. This is only for learning. It is not advice to buy or sell. Please do your own study.