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INFOSYS LIMITEDINFOSYS LIMITEDINFOSYS LIMITED

INFOSYS LIMITED

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INFY/N trade ideas

Infosys (Ready for a Breakaway ?)Infosys has been consolidating in a certain range now and has formed a Triangle formation, which is on the verge of a completion. A breakout on either side is highly possible as soon as tomorrow. The yellow lines can be treated as targets, even though there are certain other levels to watch out but the rally should be strong enough. They can be treated as Target 1. With the Other IT stocks, giving a breakaway move and a pretty strong one is it time for Infosys to do the same ?
NSE:INFY
by vinayak.mohta5
PREPARE NEXT WEEK FOR #PROFITABLE ENTRIES - INFY - 30MN - INDIAThank you for your likes! Please share to benefit everyone! Much appreciated! ____________________________________________________________ High potential of profitable entries next week as the INFY INFOSYS price has returned to its historical super strong line . This line has been reverting from powerful support to massive resistance line. The market has a high probability to go away from this actual point. This elastic movement could lead in the future to a new type of trend. Above the price, the first resistance R' which can become a pullback point . Same for under, the support S' which can be a point of pullback up . This showing a new ranging trend of the INFY. Breaks might happen: - If the market breaks the S' support line , we could observe a nice downtrend before observing a recovery back to the black center line. - If the market breaks the R' resistance line , we could see the market first testing the previous uptrend support line which will become a potential pullback zone. Keep in mind: The volume down there is important and has to be higher than the dotted line traced i n order to make a decisio n having better probability to succeed.
NSE:INFY
by Diallo_Charts_Ideas