INFOSYS BREAKS DOWN

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It is been observed on the hourly and daily chart that the price action breaks below the descending triangle indicating a further move down towards the next resistance levels.

Target 1: 955

Stoploss: 975
Note
Long Wicks to upside indicating selling pressure on hourly chart.

snapshot
Transaction en cours
Transaction en cours
Trade fermée: ordre d’arrêt atteint
Note
It is been observed that it broke out downward trendline and now consolidating in a triangle. Tomorrow, breakout from triangle shall decide further movement in the market.

snapshot

Regards
breakoutDescending Triangleinfosys

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