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It is been observed on daily chart that the price action trending up in an uptrend channel , forming higher high and higher lows.
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It did well today, trending up. Regards
Comment:
Cairn went up 10%, had a great run up and now at resistance level. Indicated how channel trade works.
Regards
Regards
Rebounds
What do you make of the higher than average volume on 21st and 26th December? Do you use volume in your analysis?
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@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
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