Infy bounced from the long term trend line . This Trend-line has 4 touch points, any tend-line having more than 3 touches are considered as important and the support it provides works as a major support. Since i work on harmonics i can see in Sep 2017, stock formed cypher pattern and the prices zooms from its prz zone and this time stock again formed cypher...
hi, check the Weekly chart for INFOSYS. it has nicely setup for a GARTLEY PATTERN. time to go short
Infy has shown good rally since march of this year, But now price is coming in strong weekly supply zone which was formed in June 2016. 1270-1280 is strong sellers zone. I am expecting to correct the price in this zone.