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1. CMT LEVEL - I
Trend line Basics

2. Learning Objectives
 Basics of Trend lines
 Types of Trend lines
- Regression Trend line.
- Accelerating Trend Lines
- Decelerating Trend Lines
- Internal Trend Lines
- Speed Lines
 Types of Channels
- Price Channel
- Andrews Pitchfork
- Gann Fan Lines
CMT LEVEL - I

3. What is Trendline?
•A single trendline can be applied to a chart to give a
clearer picture of the trend.
•Trendlines can be applied to the highs and the lows to
create a channel.
•The time period being analyzed and the exact points
used to create a trend line vary from trader to trader.

4. Why we need Trendline?
• The trendline is among the most important tools used by
technical analysts.
• A trendline helps technical analysts determine the current
direction in market prices. technical analysts look for trends
in price action.
• Technical analysts believe the trend is your friend, and
identifying this trend is the first step in the process of making
a good trade.

5. How to Draw Trend line?
• Always ascertain two successive Higher Bottom or Lower Top consider from
Absolute Top or Bottom
• To create a trend line, an analyst must have at least two points on a price
chart.
• Trend line Connect Successive Two Higher Bottom then it is known as Uptrend
Line
• Trend line Connect Successive Two Lower Top then it is known as Downtrend
Line

6. How to Draw Trendline?

7. Limitations of a Trendline
• All charting tools have to be readjusted as more price data comes
in.
• traders often choose different data points to connect.
• Trend lines applied on smaller timeframes can be volume sensitive.
• A trend line formed on low volume may easily be broken as volume
picks up throughout a session.

8. What is Channel?
• A price channel is a chart pattern that connects a stock’s
price peaks and troughs over a period of time.
• Price channels are a useful tool for stock analysis.
• They require at least four points of contact (two each for the
upper and lower lines).
• Price channels can move either upwards, downwards or stay
flat, but the two lines must be approximately parallel.

9. What is Channel?
• If a stock is fluctuating between consistent highs and lows, a trader can use a
channel to predict price peaks and troughs.
• For example, a trader could buy a stock when the price touches the lower
channel line and set a profit target at the upper channel line.
• It is Consider Strong Form of Price Movement which stay in trend for long
time.

10. What is Channel?