INFY | Trading Near Cube

May 13, 2021

INFY | Trading Near Cube

• INFY has been trading between Gann levels 1369 and 1315 since 15-APR-2021
  
  
• On 12-MAY-2021, price broke below lower channel however bounced back from the combined support of trend line (dotted blue) and Gann level 1315
  
  
• Currently trading in the resistance zone of lower channel, Cube number 1331 and Gann level at 1333
  
  
• Sustaining above 1333, price can head higher | sustaining below 1315 creates a possibility of further downside
  
  
• Support : 1297 / 1261 / 1243 / 1225
  
  
• Resistance: 1351 / 1369 / 1388 / 1407
  
  

Color codes:

• Cube : PINK
  
• 45 Degree Gann Level : BLUE
  
• 90 Degree Gann Level : ORANGE
  
• 135 Degree Gann Level : LIME
  
• 180 Degree Gann Level : RED
  

May 14, 2021

Note

INFY near 1315

May 17, 2021

Note

Back to Cube 1331!

May 18, 2021

Note

Sustaining above the Cube 1331.