LouiLow
Long

Divergence signal followed by a gap-up formation with volumes

NYSE:INFY   INFOSYS LTD SPON ADR EACH REP 1 ORD SHS
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Price is building up above the SMA50 level with improved volumes. It is certainly a clear flag formation breakout as well.

With the gap-up pattern, we expect the target will be envisaged around US$16.09.

Meanwhile, support will be located around US$15.13, US$14.82 and US$14.60.
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