Infosys has broken out of a long consolidation range and further we could look at a trendline resistance cracked. Daily candles have been solid for past couple of days. Noticeably, breakout candle had massive volume. These factors advocate strong bullish bias. Potential magnitude of upward movement can be derived from the depth of the consolidation which suggests...
Infy has made descending traingle upon breaking neckline will move further towards downside.
tgt1 = 724
tgt2 = 720
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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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