INFOSYS BREAKS DOWN
Updated
It is been observed on the hourly and daily chart that the price action breaks below the descending triangle indicating a further move down towards the next resistance levels.
Target 1: 955
Stoploss: 975
Target 1: 955
Stoploss: 975
Note
Long Wicks to upside indicating selling pressure on hourly chart. Trade active
Trade active
Trade closed: stop reached
Note
It is been observed that it broke out downward trendline and now consolidating in a triangle. Tomorrow, breakout from triangle shall decide further movement in the market. Regards
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