Einstein15

DHFL Channel Breakout

NSE:DHFL   DEWAN HOUSING FIN
Continuing its huge leg up, its testing the channel edge.
Yet to make a Lower Low though.
dear sir,
why the channel parallel, should be drawn manually,why cant it be by software automarically
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Einstein15 satyans
@satyans, i dont think there are automatic pattern drawing softwares out there.((unless ofcourse the basic sup/resistance ones. there is one called "constellation" which finds draws advance harmonic patterns on ninja trader or Mt4 that most forex traders from US use.))
But automatic drawing /identifying of parallel channels sounds really tricky and messy. also it dosent sound feasible. COz the lenght and width and timeline variable can produce innumerable channels. ranging from channels made of few candles to a few thousand candles. Also thers no such facility on trading view that can help code to draw line tools and all.
I think, Easiest and best way is manual.
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should it be a hold then?
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Einstein15 sunny81.d
@sunny81.d, Well, wait for a breakdown or reversal (which wont take long to happen.)
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i like your chart more than the technical analysis , i too accept your view on technical but i love to see your charts at least once a day
Cheers
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Einstein15 shiv2798
@shiv2798, :) Thanks dude!!
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