Infosys - Bearish chart pattern -1514 breach?

16 Apr 2022

Infosys didnt manage to excite the markets. The slide is steep and a close below 1700 could well take it to next support of 1514. Missing street expectations is weighing heavily on the IT behemoth. If 1700 provides support, then it could consolidate at 1700 before recovering- BUT a breakdown seems to be the way forward given the steep downward momentum. What do you think?

17 Apr 2022

Catatan

1700 is a very strong support area with multiple bouncebacks from here. Must wait for breach and followup candle to go short.
On daily candlestick chart, we can see a rare bullish two candle setup--- homing pigeon-- this can take Infosys to all time highs. So watchout for breach & followup candle of PDH to go long.