Have been analysing this stock for a while and found it breaking out of shorter EMA and showing signals of reversal. I am taking a long position for testing my hypothesis @ 743 with minimum capital as it is just testing. I would like to hold my position until a strong breakdown if market crash happens. My Idea is not a financial advise but just a simple analysis...
HDFC BANK has formed a Triangle breakout in 1Hr tf and has confirmed long entry and is expected to give long target of 1764.(approx) P.S : Also expect a big move in nifty bank index Also check out my other Ideas and support me :)
I have made a channel pattern for infy over a month and now INFY has made upper breakout Entry above 1630 after checking momentum If momentum is absent expect potential retrace for few days and then bounce back , Book entry anywhere between 1600 - 1630 on retracement Target = 1700 & above (Target is Discretionary based on momentum hold for next few days)