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Tarun_Kumar98
Apr 23, 2020 9:20 AM

INFOSYS Trading Setup Long

NSE:INFY60
INFOSYS LTDNSE

Description

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Breakout from Resistance. Possible Retest to get rid of weak hands.
Trend AnalysisChart PatternsTechnical IndicatorsinfosysinfosysanalysisinfosystradeideainfosysforecastINFYinfyanalysisinfytrend
Comments
DineshSarvey
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@Tarun_Kumar98 thank you.
DineshSarvey
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What is your view for tomorrow.can it break 675 tomorrow.
Tarun_Kumar98
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@DineshSarvey, as long it is above 650. im bullish
andystorrisch
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The SL for Monday 27th April should be 640 - 645?.. will it go above 680 looking at the pattern?
Tarun_Kumar98
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@anandaddhenki22, SL correct 640-645. If it goes up now I think 700 will be achieved.
Tarun_Kumar98
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@anandaddhenki22, 680 already tested.
andystorrisch
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@Tarun_Kumar98, thanks... yaa above 700..
Tarun_Kumar98
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@anandaddhenki22, yeah. lets see :)
andystorrisch
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@Tarun_Kumar98, Also, on the day-wise trading session it has formed a "Bearish Harami" pattern. mostly it will go bearish on Monday. I hope i'm wrong and it trends towards bullish as I'm holding the position in INFY lol
Tarun_Kumar98
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@anandaddhenki22, i think candlestick pattern doesn't work on their own. They only work when they are near a support or resistance.

For example if a hammer is formed near resistance is not a good signal. While a doji near resistance is good.
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