KeepTradeSimple

TCS - Parallel channel - Inclined Value area

NSE:TCS   TATA CONSULTANCY S
Inclined Value area in TCS 4 hr chart.
Value area high (VAH)
Value area low (VAL)

TCS in parallel channel from 13th March. Buy at VAL or Sell at VAH (once you see rejection). Rejection is long lower wick at VAL for BUY and long upper wick at VAH for SELL. Definite Target for both is POC line.

Currently, trading near POC line. Wait for it to go near VAL or VAH and decide Buy or Sell.

This is notes for my educational purpose. Please trade on your own risk.