gnanasekarang

Nifty50 stock Analysis - Breakout Candidate

Long
gnanasekarang Updated   
NSE:INFY   INFOSYS LTD
Nifty50 stock Analysis - Daily Timeframe:
1. Raising Support - marked in pink color up arrow
2. Reducing Resistance - marked in black color down arrow
3. Expecting a breakout at Rs.1760 level if we see another green candles
4. Last three green candles were formed with Open = Low price (no bottom wick)

Note:
This is for educational purpose only.
I'm not responsible for your profit/loss.
Please invest with proper research
-- Gnanasekaran
Trade active:
Breakout happened at exact place.
Personally, ordered 5 units for SWING trading for 10% upside and 5% stop loss.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.