INFY - Testing resistance to break above for ATHInfosys still managing its uptrend on a daily candle. A double top already formed. Price failed to breakout above and price rejected but rejection does not look very strong. A long entry if the daily candle close above 1397.
MACD showing strong bullish momentum.
I1FO34 trade ideas
INFOSYS ANALYSIS PREDICTED (TOMORROW)INFOSYS has an all time high , though the current trend was bullish looking for an trend reversal , this is my analysis when market opens tomorrow
Note :- This is just my analysis don't take this as financial advice
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INFY: Next target 1368 and 1408INFY has tested its trendline support level 4 times on daily candlesticks chart. At present if it honored its support as mentioned in the chart, It will reach to the level of 1368 as target one. Further it may go up to 1408. Please see it in the picture.
Volume is also low during the fall from recent high compering to the earlier volume of long side which indicates additional support for the long position