Formed head annd shoulder pattern !!
Looking weak !!
Considering Global cues , script should move to wards 1232 ~~
Trade active
Infosys taking support at 1350 level for past 3 trading sessions - also looks strong !!closing above 1406 on daily chart , we can expect up-move of 1481.
Closing below 1350 on daily chart we can expect downward move towards 1232
Trade active
As described Infosys closed above 1406 and reached 1479.5 just 1.5 point short of 1481, today.Trade active
stiff resistance at 1480 zone , should hold 1406, else we may see 1358 again.considering the sector outlook,probability of achieving downward targets 1358 / 1232 is still ON
Trade closed: target reached
1414 to 1355 done 1381 to 1481 done
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.