stock is on its support zone and expectinf upside movement from here. target1 = 970
This week has been a profit booking week. Overall trend - positive and bullish. This is more like retracement and consolidation move, wait for breakout and see the price again to a new 52 week high. Constantly taking support of 50 day ema so keep an eye on it as dynamic support and resistance.
Volume BUST Out . Price Taking Support On Trend Line . Closing Above 696 Can Be A Sign to enter on a swing . Hammer Pattern Followed By a doji showing indecisiveness of buyers and sellers . Closing Above 696 Will show buyers take over the charge On Sellers . And it Validate the volume bust . one can look for opportunities to go long above 696 with a sl of...
INFOSYS IS TRADING IN A ASCENDING CHANNEL , WAIT FOR A BREAKOUT / BREAKDOWN AND THEN TAKE POSITION. DO YOUR OWN ANALYSIS AND TRADE.
Refer chart for levels Buy if it sustains 646-653 for the targets of (678-685) / (694-700) / (713-720)
Expected in couple of sessions
Buy above 693 for the target level of 711 and above. while keeping a stop loss at 650
Breakout from Resistance. Possible Retest to get rid of weak hands.
Wait for candle closure above resistance to buy or below trend line to sell.