The weekly channel broke down but with failure and has been on an upward channel since March 2020. It might be worth buying with SL below channel close.
Normally people are not used to seeing nifty on a weekly scale but this may be the time to do that. The current up move is stuck between 2 gaps on weekly and we are pretty near the gap on top. The simple math of probability says the price will stay below this super trend. However, the market is also in momentum right now so it may not care for any...
The last high of 751.6 came exactly on a channel that has been running on INFY monthly for a lifetime. Infy did spend some time outside this channel after 2018 but has never been able to sustain outside. I would be very reluctant to go long unless there is a close outside this channel.
Wait for resistance to break before entering, high risk at this point in long trades
It might be a decent risk-reward to go long here with channel bottom as SL.
Bajaj Finserv has just broken down the reverse flag and pole pattern, well get ready for more pain