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PriceActionSpotter
Dec 17, 2021 4:49 AM

INFSOSYS TRIANGLE BREAKOUT Long

INFOSYS LTDNSE

Description

NSE:INFY has broken out of a 2 month descending triangle pattern with a gap-up break.

Indian markets are very weak and volatile right now. A possible gap filling could be seen before INFY makes a move towards its all time high. A Position can be taken if stock sustains above it's all time high, targets extend to the above resistance trendline at 1950-1970 levels.

If FII's turn net buyers, INFY could see a huge rally after breaking 2000.

Trade active

Potential gap filling taking place. Look to enter with more money after some kind of confirmation.

Trade closed: stop reached

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