October 10, 2017

INFOSYS Multi Year support line and Descending Triangle

  • Infosys Multi Years support line shown in first chart has saved bulls from a bigger fall.
  • Second chart shows a possible False breakdown scenario, Mostly this is followed by swift  move on the opposite direction. But Bulls has one more hurdle Which is the Falling resistance line of a Descending triangle pattern. Bearish Only if price starts close below 900 levels again. 
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