Free Stock market / Nifty intraday tips

Validation of Parallel Channel And Decisive Zone For TCS

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.

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Mr.Guru is a registered investment advisor for Moneymunch, he is a regular guest on popular channels and writes for several newspapers and financial journals. They've black magic of stock market analysis because studied charts over 20 years.

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