INFY trade ideas
INFOSYS NFOSYS - Momentum buildup accompanied by morning star candle formation.
Watch here, how the RSI has been gaining strength all this time, while the price has been declining.
A morning star formation confirms a bullishness not only in INFOSYS but the entire IT sector.
Target - 1500 / 1530 / 1555
SL - 1400
IMPORTANT LEVEL OF INFOSYSInfosys Ltd. is on a important swing level if it's breaks it's previous swing and 100 EMA then it will come it's 200 EMA.
Buy there is a one more probability that it will make double bottom from this level and it's correction will be and but seeing all the scenario of the market its chance to make double bottom is very less most chance is it breaks it's swing and comes to 200 Ema.
Let's wait and watch what will happen.
If anyone want any stock analysis then comment in this post I'll make analysis of that.
Disclaimer: I am not SEBI registered this is for educational purposes.
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