Infosys LTD
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Price & Volume relationship
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Volume supporting Daily & weekly decline
Candle theory
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The current candle overtakes the previous candle and the Possibility is high (Daily, Weekly & monthly)
Conclusion: Yes we can.
*NSE Cash study
Infy did try very hard to cross the 20 day EMA yesterday and did too but couldn't hold. Nearing the end of the day, IT stocks took a beating and so did the market.
Now, looking at the charts today, RSI held above 50 and so did the trend on the daily charts. I see a strong support at 1290 levels so we can go long with a stop-loss below 1290 for...
