Traders can short INFY as it is near the ceiling

2021년 6월 17일

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

2021년 6월 18일

액티브 트레이드

Sold INFY JUL Futures I lot @1512