#INFY - is it heading much down level
Updated
Infy on weekly time frame has formed a weekly double top and got rejected at island reversal gap which it has formed post April'2022 result session.
It has already given a neckline breakdown of weekly double top as well as follow through closing of the confirmation candle and potential fibo target using couple of harmonic pattern suggest much downside level before any reversal is seen here. Longs are advised to caution here.
It has already given a neckline breakdown of weekly double top as well as follow through closing of the confirmation candle and potential fibo target using couple of harmonic pattern suggest much downside level before any reversal is seen here. Longs are advised to caution here.
Trade closed manually
Current week's candle closed above previous weeks' high, hence risky nowNote
Infy PRZ was around 1166, after results today made a low of 1185 ...Trade closed: target reached
Infy target reached.
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