rmtechnicalanalysis

Infosys future

NSE:INFY1!   INFOSYS FUTURES
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
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