NSE:INFY NSE:INFY
The HA candles have broken the resistance line and supertrend has shown buy signal. HA candles have crossed 20 ema which is a positive sign. MACD line has crossed above signal line and is going towards zero line. New candle formed above 20 ema. one can go for long short term trade.
IF BREAKS THE GOLDEN FIB LEVEL LONG ENTRY CAN BE EXPECTED TARGET 560 WAIT FOR ONE DAY CANDLE FORMATION FOR CLEAR INDICATION REVERSE CAN BE EXPECT TIL 450 FOR SUPPORT IN CASE OF CORRECTION
ENTRY - 421 TARGET 1 -460 TARGET 2 -510. It has formed a bullish engulfing pattern on 4hr chart after giving a false breakout of trend line.