a great RECOVERY in INFOSYShey guys ,
we are seeing that IT SECTOR was in a complete state of RECESSION,
but now this sector has recovered and showing signs of UPTREND
therefore,
IT SECTOR'S main stock - INFOSYS ,
this stock is showing the signs of recovery ,
this stock was moving in a downtrend and now this stock has crossed it's RESISTANCE
and now it has RETESTED and has shown a great big GREEN CANDLE .
therefore, try to grab this opportunity and earn high returns.
also , the 20 day ema is above the 50 day ema
which show's that this stock is in a uptrend
I1FO34 trade ideas
Swing trade in INFOSYS LTD.so on the chart, I can see a good swing trade in INFOSYS LTD, as it is on a resistance level of 1435, and if this level breaks and sustain on Monday we can see a breakout also there is forming W (Double Bottom) pattern and high volume which highly indicate good support to break for the upside, and if it sustains upside we can take swing trade for 1-2 weeks and target will be 40-50 points.