TradingView
Arun_000
Dec 4, 2020 2:24 AM

INFOSYS (INFY) - SELLERS BECOMING WEAK Long

NSE:INFY60
INFOSYS LTDNSE

Description

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NSE: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
TriangleSupport and ResistanceVolumeweaksellinghigherlowbreakoutconsolidationshortterminfosys
Comments
Arun_000
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I guess you are mentioning Volume Profile...regarding screener I'm not sure about tat since I don't use screener to filter stocks....
anilgroups403
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Hi Arun,
I can see in your chart left side volume information, I am also using trading view please let me know which screener we need to use to see this high volume node and low volume node information.
Thanks
Anil
Arun_000
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@anilgroups403, I guess you are mentioning Volume Profile...regarding screener I'm not sure about tat since I don't use screener to filter stocks...anyway will check if anything is there and update you
anilgroups403
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@Arun_000,
Yes arun I am asking about volume profile.. How did u get that in trading view

Thanks
Anil
Arun_000
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@anilgroups403 u can find it in "INDICATORS & STRATEGIES"... FOUR TYPES OF VOLUME PROFILE ARE AVAILABLE ,
FIXED RANGE
SESSION RANGE
SESSION RANGE HD
VISIBLE RANGE

ALL THESE WILL BE IN SEPERATE Tab under "INDICATORS & STRATEGIES"
anilgroups403
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@Arun_000, thanks for the response.. If you can find the screener for stock selection especially for breakouts please mention here

Thanks
Anil
Arun_000
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@anilgroups403 sure👍
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