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Infosys Positional Swing Trades Set-upInfosys is creating a Bullish W-Pattern in its Day Chart Time-frame with successful creating Double-bottom pattern but it is unable to break the Resistance Point at 1806 Mark. If it breaks 1806 level, a clear Buy-Swing Positional Trade needs to place with the desired specific Stop Loss & Target Price.
Risk : Reward = 1:1
We can also see if it crosses its all-time-high level around 1850, Again a buy signal has been reflected with the Target Price of 1900 with the desired particular Stop Loss at the top of the Resistance Mark. At 1900 Mark, the RSI will also touch its 70-mark (Standard) which also makes a perfect trade.
Risk : Reward = 1:3
Infosys Swing (Long)Infosys has corrected/ fallen around 10 % and trading around Major SUPPORT Zone. We can anticipate
-->It has tested the support zone more than 5 times, expect some reversal as per fib.
-->Head & Shoulder pattern has completed it's depth zone. Keep a watch on neckline for reversals.
-->Analysis is for next 2 or 3 days. Expecting 20 to 40 points up move.
-->Good time to buy on dips in small quantity as portfolio stock.
(Education purpose. Consult your advisor before taking trades)