#INFY-BULLISH PENNANT

INFOSYS IS FORMING A BULLISH PENNANT.WE CAN EXPECT A BREAKOUT FROM THE RANGE OF 1165-1168.RED NORMAL LINES ARE LONG TERM S&R AND DOTTED RED LINES ARE SHORT TERM S&R.GREEN LINE IS THE TARGET
CONSIDER THESE POINTS BEFORE ENTERING INTO TRADE;

• WAIT FOR A PROPER CONFIRMATION BREAKOUT BY VOLUME AND MOMENTUM BECAUSE THERE IS ALONG TERM RESISTANCE AT 1171
  
• SET STRICT STOPLOSSES OR ON PREVIOUS SWING AS PER YOUR RISK APPETITE
  
• FOLLOW NIFTY & SECTORS FOR DOUBLE CONFIRMATION
  
• ENTER ONLY ON PROPER POINTS.AVOID TRADE IF YOU ARE NOT ABLE TO ENTER ON THE CORRECT POINT
  
• DONT TRADE AGAINST TREND AND INDICES
  

FOLLOW FOR MORE TRADE IDEAS AND INFORMATION

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