Infy bounced from the long term trend line [12 years long ].
This Trend-line has 4 touch points, any tend-line having more than 3 touches are considered as important and the support it provides works as a major support.
Since i work on harmonics i can see in Sep 2017, stock formed cypher pattern and the prices zooms from its prz zone and this time stock again formed cypher pattern and bounced from its support zone meaning its following the same pattern.
From recent lows stock is already up by 38% and possibly it could spendssome time consolidation before taking another flight.
When the whole market is in bears hand ,this stock refuses to fall and bounces with much strength , all this suggesting that it could be a leader in the upcoming bull market.
This Trend-line has 4 touch points, any tend-line having more than 3 touches are considered as important and the support it provides works as a major support.
Since i work on harmonics i can see in Sep 2017, stock formed cypher pattern and the prices zooms from its prz zone and this time stock again formed cypher pattern and bounced from its support zone meaning its following the same pattern.
From recent lows stock is already up by 38% and possibly it could spendssome time consolidation before taking another flight.
When the whole market is in bears hand ,this stock refuses to fall and bounces with much strength , all this suggesting that it could be a leader in the upcoming bull market.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.