infy forming ABCD pattern of harmonics in last swing will watch prz zone level for watch for any reaction near them. always trade with money and risk management :)
Nifty View: Intraday volatility stays on the higher side as the benchmark Nifty index oscillated within a day’s range of 125 points. At a close of 17,386, it was a flattish positive close from the index, up just 10 points. On the daily time frame, we have clear signs of directional uncertainty thanks to formation of Dojis or small bodied candles. If banks...
In uptrend making HH/HL. Consolidation in daily timeframe and trading in channel in lower time frame. At important resistance level. If breaks and sustains, can go for new high. If reverses from resistance / channel top, can come down to support. To be watched for the direction which side it works.
Guys when i posted a chart I brutally trolled here. a lots of different ideas xyz pattern n etc comment by people but now its following my analysis. Reference chart here for your support.....
The Infosys chart shows a very clearly visible Cup and Handle pattern - indicating continuing strength. Look for new highs towards the indicated target region
Trend line breakout and cross over above the 10 day average.
1363-1399.
Supply zone: 1363-1399
Weakness can resume below 1280.
The current price can initially be a pullback towards the supply zone.
Intra-day dip 1-2%
on 09/02/21 can be looked
at as opportunity to trade long.
with a stop loss of 1277.
