PREPARE NEXT WEEK FOR #PROFITABLE ENTRIES - INFY - 30MN - INDIA
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High potential of profitable entries next week as the INFY INFOSYS price has returned to its historical super strong line.
This line has been reverting from powerful support to massive resistance line.
The market has a high probability to go away from this actual point. This elastic movement could lead in the future to a new type of trend.
Above the price, the first resistance R' which can become a pullback point. Same for under, the support S' which can be a point of pullback up. This showing a new ranging trend of the INFY.
Breaks might happen:
-If the market breaks the S' support line, we could observe a nice downtrend before observing a recovery back to the black center line.
-If the market breaks the R' resistance line, we could see the market first testing the previous uptrend support line which will become a potential pullback zone.
Keep in mind:
The volume down there is important and has to be higher than the dotted line traced in order to make a decision having better probability to succeed.
____________________________________________________________
High potential of profitable entries next week as the INFY INFOSYS price has returned to its historical super strong line.
This line has been reverting from powerful support to massive resistance line.
The market has a high probability to go away from this actual point. This elastic movement could lead in the future to a new type of trend.
Above the price, the first resistance R' which can become a pullback point. Same for under, the support S' which can be a point of pullback up. This showing a new ranging trend of the INFY.
Breaks might happen:
-If the market breaks the S' support line, we could observe a nice downtrend before observing a recovery back to the black center line.
-If the market breaks the R' resistance line, we could see the market first testing the previous uptrend support line which will become a potential pullback zone.
Keep in mind:
The volume down there is important and has to be higher than the dotted line traced in order to make a decision having better probability to succeed.