INFY has been trading in the range 1665-1755 for almost two months. It has given some move on the upside, although it hasn't crossed/closed above ATH. MACD crossover is at the inflexion point, meaning signal line is about to cross, may be tomorrow. Also, there are multiple reasons why this is a good long candidate.
4) It is trading at 15% discount from IT index, its peers.
3)Has consolidated for a good two months
2)W pattern
1) Cristopher Nolan Pattern --- W inside a W
Everything you need to know is in the chart.
In short term: The first target is 1807 and second target is 1857, keeping it sweet and simple, although it has potential to cross 2000.
Disclaimer: The information provided herein is for educational purpose. Please consult your financial advisor before making any decision.
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4) It is trading at 15% discount from IT index, its peers.
3)Has consolidated for a good two months
2)W pattern
1) Cristopher Nolan Pattern --- W inside a W
Everything you need to know is in the chart.
In short term: The first target is 1807 and second target is 1857, keeping it sweet and simple, although it has potential to cross 2000.
Disclaimer: The information provided herein is for educational purpose. Please consult your financial advisor before making any decision.
If you like the idea, give me a thumbs up and share it with others. You can choose to follow me too.
Comments and Criticism are welcome.