This commentary will focus on 2hrs chart timeFrame. Almost everything is plotted on the chart which can be easily understandable for traders and investors.
After the breaking, the "minor channel" downward will give you target 11708 nearby. However, our strategies can and will provde you buy setup at "value low" if tail generated at "value low of the major...
'A Slience before the Tsunami'
The current move explained through video Analysis. This slow upward movement is an indication of something bigger should be expected from the market.
“If you spend your whole life waiting for the storm, you’ll never enjoy the sunshine.”
— Morris L. West
Double Bottom has been formed on daily charts of Infosys hinting a bullish trend in coming days. Weekly trend is also UP.
But in short term, a bearish divergence is formed which can lead to a small correction/sideways movement in coming days and then it may continue it's long term bullish trend.
Buy is suggested post correction.