NIFTY 50

25 Eki

Channels are fantastic for identifying trends and potential breakout points. There are two main types:

Ascending Channel (Uptrend): Formed by higher highs and higher lows.

Descending Channel (Downtrend): Formed by lower highs and lower lows.

In both cases, the price moves between parallel lines, creating a "channel." These channels can help predict future price movements based on past behavior. When the price breaks out of a channel, it can signal a strong move in that direction.