Double bottom in play potentially for Infosy

69
INFY has formed a double bottom formation and on the 2nd bottom, the stock has formed an internal pair of higher high and low, indicating bullish pressure may be back. Ichimoku has shown two out of three bullish crossover and candle has closed above leading span A, just pending a kumo twist to the upside. Stochastic shows an oversold crossover and 23-period ROC is rising and positive. Volume remain strong and healthy.
A further break up above 17.88 will signal more stronger upside confirmation. Near-term target will be at 19.03 and long term target at 22.00

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.