ICICPRULI - Channel Breakdown
Güncellendi
What is channel Pattern & breakdown?
Scenario in which Price will tend to move in a channel between a trend line and a line parallel to the trend line. The later is called a channel line or a return line. When these are identified, they represent a clear exit point for an entry taken in the direction of the current trend. Aggressive traders may also use the channel line as an entry point for a trade against the trend, though trading against the trend is not advisable as those trades tend to carry a higher risk and tend to carry a higher failure rate than trades taken in the direction of the trend. Another significant signal is the failure of the price to reach the channel line. This could precede a break of the trend line and a possible reversal of the trend which results into channel breakdown
Present Case - Similar kind of breakdown is seen in ICICIPRULI after todays session with some good volumes.
Scenario in which Price will tend to move in a channel between a trend line and a line parallel to the trend line. The later is called a channel line or a return line. When these are identified, they represent a clear exit point for an entry taken in the direction of the current trend. Aggressive traders may also use the channel line as an entry point for a trade against the trend, though trading against the trend is not advisable as those trades tend to carry a higher risk and tend to carry a higher failure rate than trades taken in the direction of the trend. Another significant signal is the failure of the price to reach the channel line. This could precede a break of the trend line and a possible reversal of the trend which results into channel breakdown
Present Case - Similar kind of breakdown is seen in ICICIPRULI after todays session with some good volumes.
Not
People ignored this idea... see how beautifully it has corrected from the mentioned levels
Feragatname
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