Time to sell?
GODREJCP
A falling channel is a chart pattern characterized by a series of lower highs and lower lows. This pattern indicates a strong downtrend, where the price action is confined within a downward-sloping channel.
To identify a falling channel, look for:
- A series of lower highs and lower lows
- A clear downward trend
- Price action bouncing off the channel's support and resistance lines
A falling channel can provide valuable insights for traders, helping them to spot potential selling opportunities and adjust their strategies accordingly
#TechnicalViews#EquityResearch#Miscellaneous

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