Infosys formed a rising wedge on daily charts with the last day closing on the edge of the Bollinger Bands (with 3 std deviations).
If it does not break 770 with volume, it will fall back towards lower trend line of 725 levels. However, if it does break 770 with volume, it will rise to 810 levels.
The strong gain made by Rupee on Friday along with the daily charts formation makes for a bearish outlook on the stock.
The above is for educational purposes only.
If it does not break 770 with volume, it will fall back towards lower trend line of 725 levels. However, if it does break 770 with volume, it will rise to 810 levels.
The strong gain made by Rupee on Friday along with the daily charts formation makes for a bearish outlook on the stock.
The above is for educational purposes only.