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Channels are banded trend-following indicators, usually lagging, with an upper and a lower line, at equal distance from a middle line (usually called the midpoint). The area between those lines is the channel. They are commonly used for daily periods but work for any period. Their usage is straightforward to understand. Breakouts of the upper or lower line -which are relatively rare- indicate possible trading signals based on extraordinary strength resp. extraordinary weakness.

Overbought and oversold conditions can occur when price reaches either the upper or lower line. A sideways moving channel with price oscillating around the midpoint identifies a flat trend. There are several kinds of channel indicators, usually named after their creators, such as the Donchian Channels, the Keltner Channels and other price channels. Several modifications can be made to each of them and to reduce the number of fake signals they can be used in combination with other indicators.
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EOSUSD, 60
#EOSUSD Bullish View. . Elliott Wave Analysis. . .

Prcaticing My Countings With EW. . .

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WSTCSTPAPR, D Long
West Coast Paper Mills Ltd! Price Channel Chart

Technical : Price Channel Target @ 380 Chart Pattern : “Bullish Price Channel” Main Trend Line: At 8 Dec 2017, 18 Dec 2017, reaction lows formed the beginning of the main trend line . Subsequent lows in 03 January 2018, and 10 January 2018 confirmed the main trend line . Channel Line: Once the main trend line was in place, the channel line beginning from ...

98 2 4
SUNTV, D Short
SUNTV STBT

LOOK IN THE CHART... https://in.tradingview.com/x/TbOaVR6H/

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AMARAJABAT, D
Amara Raja Batteries... Battery up and running...!!!

Amara Raja batteries CMP 753 The stock recommended at 690 is very near its target of 760 Link to Previous update https://in.tradingview.com/chart/AMARAJABAT/f9y77BQr-Amara-Raja-Batteries-view/ We cannot time the market but when time comes one surely can make the most of it... Consider booking profits... Enjoy & happy week end...!!!

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SBIN, D
SBI: Whats the story...

SBI CMP 256 Observations - trading in ascending channel since Feb 2016 - currently at lower end of channel -trading below 50 day EMA - trading below 200 day EMA View going forward Scenario 1 - stock is at major trendline support & if the stock holds on to current level then - the stock may see a bounce towards either 50 day EMA currently around 278 or ...

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