Mr_Financial_Literate

ABFRL : Channel Pattern

Long
NSE:ABFRL   ADITYA BIRLA FASH
NSE:ABFRL

Channel Pattern is one where prices move between two parallel lines. The upper line acts as Resistance to the price which doesn't allow the stock to move above it. The lower line acts as Support which doesn't allow the price to go below it.

His is how we can trade channel pattern go long at the lower line (BUY) and go short at higher channel line (SELL)

Simple yet powerful strategy.

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