Jay_shree

Validation of parallel channel and decisive zone for TCS.

NSE:TCS   TATA CONSULTANCY S
Parallel Channel defined validation, more than 2 price is used to find price point by connecting at least minimum two price in degree.

TCS trading price at DECISIVE zone for further direction: up-break or follow the channel as projection. If price is continue call follow the price parallel channel , the first target is at 1977 nearby.

Observation by using PRICE ACTION with Volume:
No INVALID sign of any kind has been seen yet. That's why we have no clue for selling. In terms of price and volume , the rhythmic seems moving. Possibility for up-break out or wait for sign of invalid candle

Comments

hi nice and one doubt @Jay_shree , In 1 hour its showing shooting star at the top , is it sign of weakness ? and what is this Invalid sign ?
+15 Reply
Jay_shree arams_square
@arams_square, yes but volume must be part of indication of valid or invalid candle
Reply
Good analysis
+5 Reply
Jay_shree 29f50c22b63e44d5a3a7a27c58130c
@29f50c22b63e44d5a3a7a27c58130c, Thank you for your feedback and inspiration.
Reply
Gr8 analysis. But we have been requesting you for index which is nifty.and u had said also that it wud be easier for you to work on index than individual stocks. It is strange why you are not working on nifty when so many of us only deal in nifty and are requesting you again and again I hope you will consider 🙏
+3 Reply
Jay_shree D_Bhalla
@D_Bhalla, Thank you for writing me with your views and suggestions on socialized. Surely, I update nifty or bank-nifty before the Monday.
+2 Reply
Jay_shree D_Bhalla
@D_Bhalla, will respond as soon as on nifty. thanks once again.
Reply
So clear buy above 2050 and sell below 1977 is what I take let me know if I missed something
+2 Reply
Jay_shree zoebklakdawala
@zoebklakdawala, Yes, I think market will fall from Monday... wait for nifty update..
Reply
@Jay_shree, good
Reply
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