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wearetraders2020
Feb 19, 2021 4:42 PM

Multiple pattern in infosys  

INFOSYS LTDNSE

Description

1. Channel pattern
2. triangle pattern
3. Triple bottom

The red line on the candles is for a safe support, how ever the deep support is the blue line below.
Also note the RSI is trading in line and channel of 40 to 60.
Scalping can be done using RSI and the RED line support on candle .

This looks range bound for few days .

Note :

Always check.
1. RSI
2, MACD NSE:INFY
3. SQZ_MOM cross from red to green
4. VWAP
5. volume

for going long

Comment

breakout at 1295 .
target 1 is 1299 , target2 is 1304.

Risky players can dare to buy at 1286 for 1299 target.
Safe players should buy either at breakout on 1295 or blue support at 1280-1282
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