INFY 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.
INFOSYS NFOSYS - Momentum buildup accompanied by morning star candle formation.
Watch here, how the RSI has been gaining strength all this time, while the price has been declining.
A morning star formation confirms a bullishness not only in INFOSYS but the entire IT sector.
Target - 1500 / 1530 / 1555
SL - 1400