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SatpalS

INFOSYS - Making Double Bottom

INFOSYS LTD (NSE:INFY)  
SatpalS Updated   
NSE:INFY   INFOSYS LTD
Double Top or Bottom Trend Analysis Technical Indicators
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doubletoporbottom trendanalysis indicator
Infosys is making a Double Bottom chart patter at DAILY CHART. Made a Hammer Candle on 4april and made another 2 candles under it, good RSI divergence, probability of going up.

For my learning and digital records purpose only.
Comment:
Today Infosys has gone down but Double Bottom is still valid as today's low 1468.15 hasn't breach the second low of Double Bottom which is 1468.
Tomorrow's market move will decide where it goes. If infy goes down then next Support level is 1380.
Our SL is 1368.

For my learning and digital records purpose only.
Trade closed: stop reached:
Infosys breached the SL today, this trade didn't work the way I thought. Infy hit the SL 1468.

For my learning and digital records purpose only.
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