marketaffairs

Trend Line Inside the Uptrend Channel

Education
NSE:EMAMILTD   EMAMI LTD
NSE:EMAMILTD
Trend lines can be drawn in between the trading channels, that's means a trend line inside the trend lines (channel). Market already break this inside resistance line, so we can easily take a long position using "Buy Stop" or "GTT" order. Because the stock or chart it self break the resistance line, so you can say this is a upside breakout inside that nested uptrend.

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