Hello everyone,
I am sharing the chart of INFY on 1 week time frame.
The chart is simple to understand and so much to learn for a new trader.
Price halt and top.
Break down and then retest of the point from where it broke down.
Now I am just trying to explain simple ABCD Pattern.
As per ABCD pattern AB = CD.
But very very important part is B should be broken down side.
We are right at B which is around 1367.
If its broken the target on down side is 1100 which is shown by point D.
ABCD in simple pattern, yet very useful
if you still have difficulty to plot it, you can just remember AB = CD, and can manually calculate the price projection.
I am sharing the chart of INFY on 1 week time frame.
The chart is simple to understand and so much to learn for a new trader.
Price halt and top.
Break down and then retest of the point from where it broke down.
Now I am just trying to explain simple ABCD Pattern.
As per ABCD pattern AB = CD.
But very very important part is B should be broken down side.
We are right at B which is around 1367.
If its broken the target on down side is 1100 which is shown by point D.
ABCD in simple pattern, yet very useful
if you still have difficulty to plot it, you can just remember AB = CD, and can manually calculate the price projection.
this week closing is very important.
Will update again with analysis on infy after this week closing.