NeeteshJain

INFOSYS BREAKS DOWN

Short
BSE:INFY   INFOSYS LTD
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
Comment: Long Wicks to upside indicating selling pressure on hourly chart.

Trade active
Trade active
Trade closed: stop reached
Comment: 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

Comments

Hello Sir, Is the Infy trade still active? The stock had a gap up opening but is trading below the stop loss.
Reply
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