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Dear Friends, I believe trendline is a power tool in Technical Analysis. I am a learner and my main aim is to use trendline only for decisions in trading. I am requesting the Senior, respectable traders to share their knowledge, ideas on trendlines in this thread. So it will be helpful...

I need some help to interpret attached chart. My query is... - Have I drawn a correct channle or trendlines? What would be my target upon any break-out (downward or upward)?