Traders can short INFY as it is near the ceiling
Güncellendi
Dear traders! Infosys has been rallying strongly for more than 4 weeks now.
In the 4-hour chart, we can see a ascending price channel with multiple touch points.
Since the direction of the channel is upwards, this is known as an ascending price channel.
Price has created higher highs and lowers lows within this channel.
Currently, price is on it's way towards the upper trend line of the ascending channel.
The area around 1520 could be ceiling for INFY.
My recommendation
Sell Entry : 1510-1530
Stop Loss : 1570
TP : 1370
In the 4-hour chart, we can see a ascending price channel with multiple touch points.
Since the direction of the channel is upwards, this is known as an ascending price channel.
Price has created higher highs and lowers lows within this channel.
Currently, price is on it's way towards the upper trend line of the ascending channel.
The area around 1520 could be ceiling for INFY.
My recommendation
Sell Entry : 1510-1530
Stop Loss : 1570
TP : 1370
İşlem aktif
Sold INFY JUL Futures I lot @1512
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.