INFY: Looks bullish | Price Action Based
The stock seems to be in a general uptrend. My view is bullish/Long.
On 4H time frame
- the stock is forming a triangle pattern.
- It's taking support on its 50EMA.
Most likely to give a breakout on the upper side.
- First Target: 1160
- Second Target: 1185
If the stock breaks the lower side of the triangle, could be a good short(looks unlikely to me)
- First Target: 1074
- Second Target: 1052
I am a beginner in the stock market and any valuable insights into my analysis will be appreciated :)
On 4H time frame
- the stock is forming a triangle pattern.
- It's taking support on its 50EMA.
Most likely to give a breakout on the upper side.
- First Target: 1160
- Second Target: 1185
If the stock breaks the lower side of the triangle, could be a good short(looks unlikely to me)
- First Target: 1074
- Second Target: 1052
I am a beginner in the stock market and any valuable insights into my analysis will be appreciated :)
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