Infy - Low Risk Setup
Updated
The stock is forming a rising wedge pattern on the daily chart. This time at the lowest edge of the wedge. If bounces back from these levels, a bullish run may be seen.
Currently at 1475 around. One should exit if sustains below 1460 ( below the wedge formation).
This illustration is only my point of view, for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
Currently at 1475 around. One should exit if sustains below 1460 ( below the wedge formation).
This illustration is only my point of view, for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
Note
Seems like it may take support around 1400-1390. Tomorrow 18.04.24 may be decisive for further direction.
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