msvtrader

Continuation or topping pattern INFY

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NSE:INFY   INFOSYS LTD
With recent volatility in INFY, I think the H&S pattern formed could be either a continution pattern or a top being set. Case for long: A long position cn be initiated with the SL 764 for a trget of 811. If the SP breaks below 760 sp will get to 680.
Komentar:
221019- 643.55
Normally these things doesn't happen often. Avoid taking any position in the stock, until we can read something.
If anyone keen to take a position; Long can be initiated with SL @ 598, for a potential target 770.
I simply don't see any suitable risk reward scenerio for any trader either long or short

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