NSE:INFY has broken out of a 2 month descending triangle pattern with a gap-up break.
Indian markets are very weak and volatile right now. A possible gap filling could be seen before INFY makes a move towards its all time high. A Position can be taken if stock sustains above it's all time high, targets extend to the above resistance trendline at 1950-1970...
The chart looks very attractive.
If one looks at its Quarterly chart, it'll seem like a test of the breakout area, and now headed higher for yet another breakout.
Notice there's a similar pattern formed in Oct-Dec before it broke out.
Moving along with sector.
SL: Sell below Breakout Candle.
TGT: Breakdown of 20MA on Hourly chart (on a daily close...
