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INFOSYS LTD
Long

INFY: Descending Channel and Flag Breakout

By pchere
INFY is showing *early* signs of breaking out of a weekly flag pattern and descending channel. Keep on watch. This coincides with the CNXIT parallel channel breakout pointed in earlier idea . RSI is high, though volume change is not significant. Big gap resistance ahead.
Descending ChannelFLAGflagandpoleflagformationINFYinfyanalysisinfychartanalysisinfyforecastinfytrendParallel ChannelSupport and ResistanceTrend Lines
pchere

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