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INFY 1H Chart Analysis (Bullish Bat + Falling Wedge)NSE:INFY INFY 1H Chart Analysis (Bullish Bat + Falling Wedge) In this 1-hour chart of Infosys Ltd (NSE: INFY), a Bullish Bat Harmonic Pattern has completed at point D, suggesting a potential reversal zone. Additionally, a falling wedge formation adds to the bullish confluence. 1. Pattern Structure: The chart displays a complete Bullish Bat Pattern (X-A-B-C-D). Point D aligns with the PRZ (Potential Reversal Zone), with a CD leg extending \~1.618 of BC, supporting a bullish reversal. 2. Falling Wedge Pattern; A falling wedge, generally a bullish pattern, has formed from point C to D. A breakout above the wedge trendline may confirm a bullish move. 3. Price Action: The price is testing the upper boundary of the wedge. Buying interest is visible at the P,R,Z near ₹1,540–₹1,545. Trade Plan: Buy Entry: Above ₹1,555 (confirmation breakout above wedge) Stop Loss: Below ₹1,538 (beneath point D and wedge support) Target 1: ₹1,568 (previous resistance) Target 2: ₹1,611 (mid-term resistance) Target 3: ₹1,631 (major swing high) A strong bullish confluence exists with the harmonic pattern and falling wedge. Wait for confirmation above ₹1,555 before entering. Maintain proper risk-reward with a stop below ₹1,538. NSE:INFY NSE:NIFTY NSE:CNXIT
NSE:INFYLong
by thetradeforecast
GOLD - Bullish Trend Continuation w/ Bat Pattern & Complex PBGold has been on a tear for sometime now & well, you know what they say, all good things must come to an end. In saying end, we don't necessarily mean a forever end, but perhaps sometimes a break. After failing to make a new high, it seems like Gold has reached it's excess or exhaustion phase & is beginning to show signs of relief. If this relief were to continue, not only do we have a good structure level to look for buys at, but it's also accompanied with a potential bullish bat pattern. Please leave any questions or comments below & if you'd like to share your views from either a fundamental or technical perspective, please do so as I love the conversation. Akil
OANDA:XAUUSDLong
by Akil_Stokes
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