aparn.siddz
Long

infy at support

NSE:INFY   INFOSYS LTD
95 views
3
95 4
Infy             Near critical support of 900-920 zone.

Its also forming a H&S Pattern.

Bounce expected as long as 900 is held on closing basis.

View will change on close below 900.
Trade active: We got the good bounce... keep holding keep minting.. more to come
Trade active: again a good move by Infy
again a good move by Infy
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We got the good bounce... keep holding keep minting.. more to come
Reply
H&S is observed in an uptrend which is not the case in this scenario. H&S pattern also results in downtrend
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aparn.siddz prasanna136
@prasanna136, Uptrend, I dont think it matters. But Trendline of H&S acts as a very strong support and hence am expecting a bounce from here. H&S pattern is completed only if the candle closes below H&S trendline with Volumes and then it will start a downtrend.
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