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Infy - inside bar breakout failure Trade setup

Short
NSE:INFY   INFOSYS LTD
Inside bar in Infy could not breakout and came back inside the range again.

In most of the cases, the direction reverses after a breakout failure

Trend lines are something that attracts price like a magnet and Infy is trading quite near to trendline resistance, That may cause price to rise to touch the trendline and fall. That's one of possible scenario for our setup to fail but

In given scenario the if we look at the setup - risk-reward looks quite attractive

Trade setup provided in the charts

Happy Trading

Happy Trading

MSK
https://t.me/msk_bnf

Learning is a continuous process - 8 out of 10 trades will always teach you something new , so learn something that helps and unlearn few things to be more efficient