June 16, 2010

Infosys Technologies Ascending trendline

  • Ascending trendline example shown in infosys chart.
  • Look at the number of touches at the beginning of the trendline.
  • As a result of more number of touches on the trend line it acted as a support for a long time.
  • The trendline started at 1120 region broke only when the stock reached nearly 2450 area.
  • The profit of following this ascending trendline is more than 1000 points

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