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
トレード稼働中
Stop Loss shifted from 1450.60 to our Entry Price(No Loss Trade).ノート
Flag and Pole Pattern with breakout in Infosys!ノート
Important Fibonacci Retracement levels for Infosysトレード稼働中
Projected target has been successfully reached! From 1500 to 1607Next target would be 1685 As per Flag and Pole Pattern!
ノート
If today's candle will closes above 1607 then next target will also be reached soon!トレード終了: 利益確定目標に到達
ノート
All target have been successfully reached! Happy Investing!
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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。