Inclined Value area in TCS 4 hr chart.
Value area high (VAH)
Value area low (VAL)
TCS in parallel channel from 13th March. Buy at VAL or Sell at VAH (once you see rejection). Rejection is long lower wick at VAL for BUY and long upper wick at VAH for SELL. Definite Target for both is POC line.
Currently, trading near POC line. Wait for it to go near VAL or VAH...
Hi All, This is my first technical analysis. Please bear with me if my understanding is incorrect.
I can see 2 patterns in this chart.
1) Possible cup and handle pattern from 10th March to 12th Apr. Top of the cup (94.93) has been tested multiple times and breakout on 13th April. Moved upward and retesting the now support line (94.93), If this moves upward from...