CAIRN UPTREND CHANNEL (Educational)

Description

⋅ Jan 3, 2017 4:05 AM

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

Comment

⋅ Jan 5, 2017 11:05 AM

It did well today, trending up. Regards

Comment

⋅ Jan 12, 2017 2:49 PM

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

Regards

Parallel Channel CAIRN

Comments

VPS

⋅ Jan 5, 2017 2:04 PM

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

NeeteshJain

⋅ Jan 6, 2017 3:27 AM

@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

⋅ Jan 6, 2017 5:36 AM

Thanks for your response, Neetesh.