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INFOSYS FUTURES

Infosys future

By rmtechnicalanalysis
Updated
In uptrend making HH/HL. Consolidation in daily timeframe and trading in channel in lower time frame. At important resistance level. If breaks and sustains, can go for new high. If reverses from resistance / channel top, can come down to support. To be watched for the direction which side it works.
Trade active
Good for short at 1585 with SL 1601 for target 1550, 1540, 1520, 1500
Trade active
Evening star reversal pattern formed at channel top (resistance area). High probability of short activation if continues below the pattern.
Trade active
Short didn't triggered.
Breakout of resistance level confirmed.
could be long at 1604 with SL 1595 for target 1630, 1650++
Trade closed: stop reached
Chart PatternsTrend Analysis
rmtechnicalanalysis

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