Infosys 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...
MACD line is getting bearish from the Third line for the third consecutive day. According to it, It provides around 47% of Capital Gain to its Investors in just 2.5 Months. Bollinger is also clearly showing the scrip in a complete overbought zone. As a powerful Beta Stock, whenever the market goes down to short it and Take Profit around 2% Maximum of Open Price.
