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INFOSYS- FALLING WEDGE PATTERN BREAKOUTInfosys ltd long consolidation falling wedge pattern breakout
short term investment plan
expecting target - 2548
pattern - falling wedge
breakout status - yes
last trading price - 1491 rs
I'm planning 2 target for this script.....
one is previous all time high, which means 1863 rs
second target is based on fib-extension level 1.0 range, which means 2548 rs....
INFOSYS- INVERTED HEAD & SHOULDER FINAL LEG FORMATION IN WEEKLYINFOSYS- Look like inverted head & shoulder final leg formation in weekly chart
& already bounce from support levels.
Near by resistance is 200 ema, when it break stock will shoot up to target 1 - 1645
And when the h&s neckline break long term bull run can be expected target 2 - 1900
Infosys Crash 11%, 35% down since ATHInfosys Crash 11%, 35% down since ATH
Trend : Bearish
Fundamentals : Weak Quarter results, Outlook Downgrade by Nomura and CITI Research
Strong Resistance : 1350-1450,
Support : 1150-1100
Trading Zone : 1350-1150..
Daily chart formed Hammer, invalid below 1180
Accumulation Zone for long term Holding, SIP Level - 900-1300
Infosys Institutional Zone Infosys is currently on a crazy support, this is not just any support, it is an institutional support where price has run up 17% and 19% in the past in just
1-2 months.
1. Falling volume- as price approached this area, selling pressure weakened out and candles became smaller with larger wicks. Which is a bullish sign
Entry- After it Breaks Away
Stop loss- Below the consolidation
Target- 1617
Keep It Simple
#Infosys Supply/ Demand Zone#Infosys
Updated Supply/ Demand Zone
CMP:1420 @14 March 2023
Disclaimer: This is not an investment recommendation, advice, research report, or stock tip of any nature. I am doing this only to understand how to read charts and technicals. Strictly for educational purposes only.