Afcon Infra - Technical learning

Afcon Infra - Technical learning. -

1) Chart attached in media 2) Arrow indicates that the chart was in channel. 3) Channel is formed when on the both sides levels are respected as resistance (on upside) and support (on the downside). 4) When the channel is broken on the upside or the down-side this is called as channel breakout 5) In this case the channel is broke on the down side and now this will act as resistance for the stock 6) All this data is for information. 7) This is not a buy/sell call. Thank you, Technofunda24