INFOSYS (INFY) - SELLERS BECOMING WEAK
INFY- AFTER A LONG RALLY ,PRICE STARTED TO CONSOLIDATE FROM MID OF OCTOBER
- FORMED A TRIANGLE PATTERN,WITH STRONG SELLERS INITIALLY
- PRICE DID NOT BREAK BELOW REF. POINT A, ALSO IT FORMED KIND OF HIGHER LOW FORMATION,INDICATING SELLERS ARE BECOMING WEAK
- PRICE HAS TESTED RESISTANCE LEVEL 1148-1150 FOUR TIMES.
- NEW RALLY MIGHT START ONCE PRICE BREAKS ABOVE RESISTANCE LEVEL WITH RELATIVELY HIGH VOLUME
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