Infosys looks bullish in medium to long term.

In monthly,

It is at ascending channel support. So it is expected to reverse and go up towards the channel resistance.
sl - 850 tgt1 - 1250 tgt2 - 1340.

In weekly,
hammer formed at channel support it can easily bounce to touch the channel resistance @ 1010.

Transaction en cours:

going good, till now 930.85

Transaction en cours:

in daily, it is moving in a symetric triangle , breakout direction will determine the future move.

Transaction en cours:

upward breakout here, uptrend should start soon here,

Transaction en cours:

price able to close above upper BB and bb is slowly turning from sideways to upward direction, initial sign of bullishness.

Transaction en cours:

price is moving up as expected , followup chart for reference,

Commentaire:

moving up as expected, till now 1022.90 price brokeout of descending channel resistance

Transaction en cours:

in daily, price is sustaining above 20 ma, and BB is moving up ,

Commentaire:

moving up as expected , today closed at 1039.35, total 13% gain till now.

Transaction en cours:

price is at horizontal resistance zone, it may correct for some days, but over-ally it is bullish.

Transaction en cours:

hidden bullish divergence seen in daily

Transaction en cours:

till now 1173, cheers.

Commentaire:

cmp - 1178, currently it is moving in horizontal channel in daily

look for breakout.

Trade fermée: cible de profit atteinte:

total 52 % gain, finally 2nd target got achieved here, cheers...