INFOSYS (INFY) - SELLERS BECOMING WEAK

Dec 4, 2020

INFY

• AFTER A LONG RALLY ,PRICE STARTED TO CONSOLIDATE FROM MID OF OCTOBER
  
• FORMED A TRIANGLE PATTERN,WITH STRONG SELLERS INITIALLY
  
• PRICE DID NOT BREAK BELOW REF. POINT A, ALSO IT FORMED KIND OF HIGHER LOW FORMATION,INDICATING SELLERS ARE BECOMING WEAK
  
• PRICE HAS TESTED RESISTANCE LEVEL 1148-1150 FOUR TIMES.
  
• NEW RALLY MIGHT START ONCE PRICE BREAKS ABOVE RESISTANCE LEVEL WITH RELATIVELY HIGH VOLUME