Trendlines & Channels: Charting Terminology
After having discussed the basics of Support and Resistance, today I shall talk about how to draw and follow trend lines. Sometimes these trend lines give us what we call a " Channel " on the charts. I shall discuss both these concepts in this article. Also, as usual, I will show you how I used this concept in the last one year in trading ICICI bank stock and also Nifty Futures sometimes.