drlalitkoli

TCS forming channel with breaking of trend line

NSE:TCS   TATA CONSULTANCY S
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.
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