Infy: Follow NEWS & be reactive or follow Charts & be a ahead !!

Infy

This is not a fresh recommendation. This is just a follow up to our post on 09th April 2021. This is what we had posted

Observations
- Infy trading in the yellow channel from July 2020
- on previous 2 occasions, before the result announcement we observe Infy near the channel top
- Infy makes a high on result announcement at the top end of the channel and then drops down
- after Jan 2021 result announcement, we observe the yellow channel being breached twice temporarily

Is this a cue that strength of the buyers getting weaker...???


if we observe Infy getting rejected at the median of the red channel, then there is a possibility of Infy shifting to lower blue channel

Infy had a NEWS event - Result announcement on April 14, 2021.

If you have read the analysis in the above post, see the Infy price movement and Notice how charts revealed every thing before the NEWS event.... and worked to perfection....

That's the magic of Technical Analysis...!!!

Charts do try to tell us a lot.... Are you ready to listen... ???

Choice is yours

Was it a good analysis...?

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Have a good day