Indian IT Sector is witnessing a recovery as most of the IT stocks closed on a postive note. Infosys Ltd being one of the secotral leader is seen making higher highs and higher lows trend on daily time frame as the with above average volume of 42 days (approx 2 Months).
The stock has closed above an important level of 1628 which acted as a hurdle. Now the stocks has suatianed above 1628 level a next resistance level of 1666.40 and 1684.25 seems to be achivabele.
MACD Indicator is alredy trading above zero line which signals postive momentum and alog with it ADX indicator is at 25.95 where +DI is trading above -DI which indicates strenghth in momentum.
let me know your thought in comment below.
The stock has closed above an important level of 1628 which acted as a hurdle. Now the stocks has suatianed above 1628 level a next resistance level of 1666.40 and 1684.25 seems to be achivabele.
MACD Indicator is alredy trading above zero line which signals postive momentum and alog with it ADX indicator is at 25.95 where +DI is trading above -DI which indicates strenghth in momentum.
let me know your thought in comment below.
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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.