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INFY - POSSIBLE MOVE ANALYSIS

558
INFY, CMP @ 1509 - LONG & SHORT TGTs and SL are in the Chart. FOR BOTH BREAKOUT or BREAK DOWN, STRONG CLOSING CANDLE IS MUST. Am neutral because, this is ascending triangle pattern with higher Lows but today the Price action has not respected 50/200EMA. This is for Educational purpose.
Note
SHORT TGT1 1450 achieved.
Trade active
SHORT TGT2 1413 achieved.
Trade closed: target reached
SHORT TGT3 1357(i.e ., the first support of the bottom slope trend line) achieved and due the the Results, the priced dropped much lower. Not taking any credit for that. Closing the idea.
Pranesh_Karthikeyan_GV
Support and ResistanceTrend LinesTriangle

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Support and ResistanceTrend LinesTriangle
Pranesh_Karthikeyan_GV

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.