INFY @ 1507 THIS IS INFOSYS CHART. THIS IS SIMPLE STOCK CHART WITH OUT ANY SIGN. This above chart showing a down trend from 1570 level to 1500 level which is running at this current market. Below chart is the reference. Now check the CNXIT chart to support and cross check the IT scenario. This CNXIT chart (time frame 1 hr.) showing the same condition like INFY. But we need to check this index for further output of INFY. This CNXIT chart showing some interesting pattern which is plotted on CCI based on woodies theory. It's called head & shoulders pattern or you may call it as horizontal breakout. 29000 to 29150+ possible as per this chart. So, the result / conclusion is CNXIT upmove possible on coming trading session. Now come to the main point. What about INFY / Infosys ?? Is it same type of recovery possible ?? Nothing impossible but you need a proper clarification for any prediction. If we draw a retracement on INFY from 1350 range then it shows a clear point @ 1490 a...
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