WaveTalks

INFY- Possible H&S Pattern with Truncated Right Shoulder

WaveTalks Mis à jour   
NSE:INFY   INFOSYS LTD
2
There is a small channel which can resist the up move & if stops in the zone 1080-1090 which is channel top & any confirmation of the downside move at respective ends can be taken as a bearish view with that recent swing high as stop & initial target -1010 & Going Below 1010-1000 Zone - H&S Pattern with truncated right shoulder gets activated

Target Calculation- Head to Neckline Distance = 266 points - Going Below 1010 - we will subtract 266 points from 1010 -we get 745 as likely & ideal target level.
Transaction en cours:
07:10 Hrs- 22nd Sep2016

Either Channel Top in the zone 1080-1090 & resistance should be taken as trading opportunity or break of neckline as another opportunity in between traders will be chopped.

Best Regards,
Abhishek H. Singh
​Growth Director - TradingView India

YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle
twitter.com/TalksWave

Telegram Handle
(Deleted)
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.