Double Top pattern spotted in Infy. Pattern is confirmed as price has fallen below the neck level. Thus the stock can be expected to fall to 720.
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I observed pole flag apttern in infosys at hrly chart. Inside that, there is a small diamond pattern as well.
This can give a good move. For this expirt target will be 760 and overall target is 770
Stop loss will be 740 on hrly close basis.
INFOSYS has made descending triangle,indicating further down side movement.
Entry : 706 - 707.5 Range,Enter only if sustains below range
Stoploss : 1%
Basic Target: 695
Idea by MALKIAT SINGH
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After a very good uptrend i think trend is changing now with this breakout on downside.
you can see this on chart clearly it broke out the trendline and also the head and shoulders pattern is also there.
my targets for this trades are
TARGET 1- 709
TARGET 2- 701
TARGET 3- 684