INFOSYS LTDLong
INFY - 3 YEAR LONG CUP AND HANDLE PATTERN BREAKOUT
Chart Pattern:
A 3-year-long Cup and Handle (C&H) breakout is visible, which is a strong bullish continuation pattern.
The breakout has occurred above the resistance level of ₹2,000.
Key Levels:
Target Levels based on the height of the cup:
First Target: ₹2,204.75
Second Target: ₹2,437.75
Final Target: ₹2,704.65
Volume Analysis:
The breakout is accompanied by increasing volume, confirming strong buying interest.
Previous volume spikes indicate accumulation during the handle formation.
Moving Averages:
Price is trading above the 50-day and 200-day moving averages, which confirms a bullish trend.
The moving averages are sloping upward, supporting further price momentum.
Momentum & Confirmation:
The stock has successfully retested the breakout zone, validating the strength of the breakout.
Price action suggests continuation toward the next resistance zones as marked.
A 3-year-long Cup and Handle (C&H) breakout is visible, which is a strong bullish continuation pattern.
The breakout has occurred above the resistance level of ₹2,000.
Key Levels:
Target Levels based on the height of the cup:
First Target: ₹2,204.75
Second Target: ₹2,437.75
Final Target: ₹2,704.65
Volume Analysis:
The breakout is accompanied by increasing volume, confirming strong buying interest.
Previous volume spikes indicate accumulation during the handle formation.
Moving Averages:
Price is trading above the 50-day and 200-day moving averages, which confirms a bullish trend.
The moving averages are sloping upward, supporting further price momentum.
Momentum & Confirmation:
The stock has successfully retested the breakout zone, validating the strength of the breakout.
Price action suggests continuation toward the next resistance zones as marked.
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