Awesome analysis and guidance. More for education purpose - When the stock is going within the channel and reaches either upper or lower channel lines - how do we know or what factors influence/confirm it to go either up or down beyond the range. I am confused at times - it goes beyond and comes back to the channel again (I think they call false breaks). Thanks.
arunindy
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You have anlyzed correctly. I do not understand what to read in the chart.
pankaj_007
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@arunindy, THIS SCRIPT IS TRAVELLING IN A CHANNEL AND WHENEVER IT GOT OUT OF THAT CHANNEL IT AGAIN COMES BACK IN THAT CHANNEL IN 3 TO 5 DAYS OF TRADING.
SO I SAID ONE CAN BUY AND MAKE A PROFIT AT THE END OF THE DAY.
IF YOU KNOW HOW TO READ, THIS CAN HELP YOU TO TAKE THE TRADES IN FUTURE AS WELL.
arunindy
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@pankaj_007, Thanks for your reply. Where and how to learn channel? Thxs
pankaj_007
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@arunindy, NO NEED TO LEARN CHANNEL IT JUS AN OBSERVATION FROM MY END, U CAN FIND IN DIFFERENT STOCK AS WELL.
AND WHEN A STOCK MOVE IN A RANGE FOR A LONGER TYM WE CALLED IT AS A CHANNEL OR TRAVELLING IN A RANGE .