Channel Pattern Breakout:
A channel pattern in technical analysis refers to the price movement of an asset within two parallel trendlines, with the upper trendline acting as resistance and the lower trendline acting as support. A channel pattern breakout occurs when the price of the asset breaks above the upper trendline or below the lower trendline.
When a...
On June 27, a successful gap-up trade occurred in the Nifty50, which is an index representing the top 50 companies listed on the National Stock Exchange of India. A gap-up marketing refers to a situation where the opening price of a security is significantly higher than its previous day's closing price, resulting in a "gap" on the price chart.
In this particular...
