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rmtechnicalanalysis
Jul 22, 2021 1:48 PM

Infosys future 

INFOSYS FUTURESNSE

Description

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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