drlalitkoli

TCS forming channel with breaking of trend line

NSE:TCS   TATA CONSULTANCY S
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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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