CAIRN UPTREND CHANNEL (Educational)

Descrizione

⋅ 3 gen 2017 04:05

It is been observed on daily chart that the price action trending up in an uptrend channel, forming higher high and higher lows.

Commento

⋅ 5 gen 2017 11:05

It did well today, trending up. Regards

Commento

⋅ 12 gen 2017 14:49

Cairn went up 10%, had a great run up and now at resistance level. Indicated how channel trade works.

Regards

Parallel Channel CAIRN

Commenti

VPS

⋅ 5 gen 2017 14:04

What do you make of the higher than average volume on 21st and 26th December? Do you use volume in your analysis?

NeeteshJain

⋅ 6 gen 2017 03:27

@VPS, Rightly pointed out. I do consider volume at key breakouts or support and resistance levels. Like the above chart, the volume increased once the price action reached to the support of the trending channel. I appreciate your reading on it. Regards

VPS

⋅ 6 gen 2017 05:36

Thanks for your response, Neetesh.

Altro