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sam669999999999

Infy - Cup and Handle - waiting for breakout

Long
INFOSYS LTD (NSE:INFY)  
sam669999999999  
NSE:INFY   INFOSYS LTD
Chart Patterns Trend Analysis INFY niftyit nasdaq BANKNIFTY cupandhandlepattern breakout TCS tcslong apple
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chartpattern trendanalysis infy niftyit nasdaq banknifty cupandhandlepattern breakout tcs tcslong apple
Reasons for the cup and handle to breakout:
  • Infy - Cup and Handle - waiting for breakout
    Retest done at RBR candle in daily
    Huge possibility for gap filling
    Nasdaq has tested the current supply zone multiple times and ready for breakout
    TCS is in the clear up trend. Some short covering positions is holding the infy to breakout.
    Huge OI is formed at 1300 levels, so 1280, 1260 will see a short covering positions which is pulling the current selling.
    Today's close is above the RBR demand area which is a positive sign.
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