TCS forming channel with breaking of trend line
TCS prices observed to be trending in a channel with an upper channel line parallel to the lower trend line. Recently Prices were failed to meet an upper channel line and then broken the lower trend line. The new channel is drawn suggesting a horizontal channel which may lead to a sideways trend before it may lead to a trend reversal. Need to watch this sideways trend carefully.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.