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