Infosys Swing (Long)
Updated
Infosys has corrected/ fallen around 10 % and trading around Major SUPPORT Zone. We can anticipate
-->It has tested the support zone more than 5 times, expect some reversal as per fib.
-->Head & Shoulder pattern has completed it's depth zone. Keep a watch on neckline for reversals.
-->Analysis is for next 2 or 3 days. Expecting 20 to 40 points up move.
-->Good time to buy on dips in small quantity as portfolio stock.
(Education purpose. Consult your advisor before taking trades)
-->It has tested the support zone more than 5 times, expect some reversal as per fib.
-->Head & Shoulder pattern has completed it's depth zone. Keep a watch on neckline for reversals.
-->Analysis is for next 2 or 3 days. Expecting 20 to 40 points up move.
-->Good time to buy on dips in small quantity as portfolio stock.
(Education purpose. Consult your advisor before taking trades)
Trade closed: target reached
As analyzed ,target of 40 points achieved.
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