INFY Analysis on a Daily Timeframe!Double Bottom Pattern formation in Infosys Ltd!
Double Bottom Pattern/ W Pattern Formation with RSI Divergence!
Analysis:
As we can see in the chart
INFY started falling down from Feb 2024. It was in clear downtrend. After that it has made a double bottom pattern but it's second bottom is lower than its first bottom, so I have added RSI indicator to get a confirmation about Divergence. We can see a clear divergence while price falling down RSI moving upwards so we can expect the price will move upwards in the upcoming trading sessions. I have marked all the important levels on the chart please have a look.Trade Psychology and Setup:
Entry = Current price level is good to Enter
Target = 1607.65
Stop Loss = 1460.50
Disclaimer = Consider my analysis for Educational Purpose only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
Operación activa
Stop Loss shifted from 1450.60 to our Entry Price(No Loss Trade).Nota
Flag and Pole Pattern with breakout in Infosys!Nota
Important Fibonacci Retracement levels for InfosysOperación activa
Projected target has been successfully reached! From 1500 to 1607Next target would be 1685 As per Flag and Pole Pattern!
Nota
If today's candle will closes above 1607 then next target will also be reached soon!Operación cerrada: objetivo alcanzado
Nota
All target have been successfully reached! Happy Investing!
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La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.