INFOSYS LTD.Long
INFY - CUP N HANDLE (Bullish Breakout)
Updated
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
T1- 940
T2-960
SL- 900
Trade active
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 zoneNote
Infosys price action still respecting and consolidating within the drawn channel, a breakout from here on shall further decide the movement. Thanks
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