Channel Trade AsianPaint !Simple Classical downtrend Channel trade need not any explanation. One can take chance now with stop loss just above the high of today. If works would provide good risk to reward if not there is small risk.
Descending Channel
Channel Trade BankNiftyBankNifty is moving in the down sloping channel. RSI is coming out of Oversold area so it may try to touch the other side of it or at least the touch on trend line is possible. One can enter long at this level.
Nifty Downward Trending Channel SetupIt is been observed on an hourly chart that the price action is trending in a downward channel where the price action making lower highs and lower lows. In order to break the channel, the price action must move out above 8820 levels until that happens every rise is a good opportunity to sell it.
Coal India Breaking Out Channel Pattern (Bearish)The price action breaks out from a trending channel , indicating weakness and bearishness. It shall now reach to Fibs levels targets at 321, 313. Stoploss 336
