The channel is a powerful yet often overlooked chart pattern and combines several forms of technical analysis to provide traders with potential points for entering and exiting trades, as well as controlling risk. The first step is to learn how to identify channels. The next steps include determining where and when to enter a trade, where to place stop-loss orders, and where to take profits.

Script = BalkrishnaInd
Time Frame = 1 Day
balkrishnaindBeyond Technical AnalysischanneltrendChart PatternsTechnical AnalysistradingTrend Analysistrendpattern

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