InfosysSymmetrical Triangle: Waiting for either a breakout or breakdown either side, once done, 33 points movement expected.
Though I expect a breakout, taking the stock to 780 levels as in the weekly charts it has given a breakout in the channel.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Infosys
INFY NEXT MOVE ANALYSIS INFY NEXT MOVE KEEP WATCH HAPPY TRADING....
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Infy : Need to Debug IT !Triangle breakout - downside : so obviously short positions in Infy. There is a wick pierce our of triangle , I feel that's just market makers who took stops of retail traders while going bearish but we can't say for sure also. Anyway look for further downmoves unless it(IT) is debugged !
Infosys Heading Towards the 1000 MarkInfosys has reported a 3.44% increase in consolidated sales from the same quarter last year. The sentiment around Infosys is highly positive with reports estimating a possible high of over 1300+ over the next 12 months. The stock is definitely a hold atleast for the next few months and considerable profits could be expected.






















