NIFTY 50
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.
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