Infosys - The Big Short (Seller Wins)
Updated
It is been observed that the price action is consolidating in between 1060-1010 levels for past 55 days on a daily chart. It is 11 weeks and almost 3 months. This is called a Big consolidation and price war between buyers and sellers.
Now, the price action got that big breakout from the consolidation as it closes below strong support level of 1010. Therefore, it is indicating that sellers victory over buyers and now the price action shall move further down and continue it downtrending pattern.
It is a great opportunity to initiate,
Target: 985, 955, 935
Stoploss: 1050
Now, the price action got that big breakout from the consolidation as it closes below strong support level of 1010. Therefore, it is indicating that sellers victory over buyers and now the price action shall move further down and continue it downtrending pattern.
It is a great opportunity to initiate,
Target: 985, 955, 935
Stoploss: 1050
Trade active
Going great:)Trade active
Close to Target 1Trade closed: target reached
Target 1 Reached Successfully. RegardsTrade closed: target reached
All targets achieved. Regards
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.