INFOSYS LTDLong
INFY looking good on chart
Updated
As we can see in the below chart, on 15th July 2019 stock has given Break Out to range-bound zone and started a new journey from those levels. On 23rd September stock again fell down and closed near the same support. Yesterday with the help of dollar rally, the stock has gained 3.50% in a day and closed at day high. If we see the last two candles then Bullish Harami pattern is formed on the daily chart and that is near support. Volumes are also good.
We can buy 50% quantity at current levels and the remaining 50% on dips i.e. at 780. Book loss if a stock starts to trading below 760 and holds for a target of 810-830.
We can buy 50% quantity at current levels and the remaining 50% on dips i.e. at 780. Book loss if a stock starts to trading below 760 and holds for a target of 810-830.
Note
Target 1st done, just away from 2nd.
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