INFY - CUP N HANDLE (Bullish Breakout)

It is been observed on the hourly chart that the price action is firstly forming a U shape Cup consolidation followed by a downward correction channel, Handle and now breaking above that zone which is indicating a bullish move ahead.

T1- 940
T2-960
SL- 900

Trade active

Note

Pattern Gap is been filled by the price action between 896-900

If it goes below it then it is a pattern failure.

Trade closed: stop reached

Note

INFY recovering from the gap zone

Note

Infosys price action still respecting and consolidating within the drawn channel, a breakout from here on shall further decide the movement.

Thanks

NeeteshJain

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NeeteshJain