Infosys have formed a inverse head and shoulder pattern with a morning star at bottom in head. Last three days, 2 good bullish candles, but the volume is average so I need more confirmation to initate the trade. Will wait to get a closing above 20th July candle with volume support. Then I can target the 1660-1670 zone. I can keep stoploss below neckline to gain good RR ratio.
This post is for information purpose only.
거래청산: 스탑 닿음
It did broke 20th July's candle but didn't sustained and hit my SL. Now has shown again a bullish momentum in last three days. Lessons learnt. Will watch how it moves futher.