With all the buzz around the stock, we might see a large move sometime soon. Worth the risk imho.
Infy looks set to go up with the pattern indicating a potential target of nearly 800.
Head & Shoulder Pattern observed.
Once neck level (10870) is taken out,one can initiate Short position.
Levels mentioned in Chart.
Looks like the stock is in a solid support.
Triangle pattern observed in Nifty. Look at Daily time frame and it's safer to wait for pattern confirmation in higher time frame. And keep in mind the round number 10700. So, trade according to your RR.
Potential Bullish Flag pattern seen. A close above 380 in coming hours would confirm the pattern, with the stock potentially moving towards as high as 400.
Rising wedge pattern observed in Bank Nifty indicating bearish bias. However, we need to wait for breakdown for confirmation. (Ignore other lines in chart other than line showing the wedge, as other lines are being used for analysis in higher time frames)
H&S pattern observed in Nifty with 10375 as target. 10450 might be a good support, hence be cautious when the index reaches 10450. CMP: 10545; Neckline: 10545
IF pattern confirms by breaking neck level, long can b initiated with 2150 as target.