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NeeteshJain

INFY - CUP N HANDLE (Bullish Breakout)

Long
INFOSYS LTD. (BSE:INFY)  
NeeteshJain Updated   
BSE:INFY   INFOSYS LTD.
Trend Analysis Chart Patterns Cup And Handle cupnhandle breakout INFY
24
9
trendanalysis chartpattern cupandhandle cupnhandle breakout infy
It is been observed on the hourly chart that the price action is firstly forming a U shape Cup consolidation followed by a downward correction channel, Handle and now breaking above that zone which is indicating a bullish move ahead.

T1- 940
T2-960
SL- 900
Trade active
Trade active
Comment:
Pattern Gap is been filled by the price action between 896-900
snapshot
If it goes below it then it is a pattern failure.
Trade closed: stop reached
Comment:
INFY recovering from the gap zone
Comment:
Infosys price action still respecting and consolidating within the drawn channel, a breakout from here on shall further decide the movement.
snapshot

Thanks

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