INFY (Infosys Ltd) BUY ABOVE 798
Infy can give a good short opportunity. Important zones are highlighted.
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Infy Symmetric Triangle pattern formed. Target are given in the chart for both long and short.
Bullish above 791 for 800 bears below 779 for 762,752
Infy bearish Butterfly Short near 796 800 SL 810 T 785 770 750
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...
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. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk...