INFY - 3 YEAR LONG CUP AND HANDLE PATTERN BREAKOUT
Chart Pattern: A 3-year-long Cup and Handle (C&H) breakout is visible, which is a strong bullish continuation pattern. The breakout has occurred above the resistance level of ₹2,000.
Key Levels: Target Levels based on the height of the cup: First Target: ₹2,204.75 Second Target: ₹2,437.75 Final Target: ₹2,704.65
Volume Analysis: The breakout is accompanied by increasing volume, confirming strong buying interest. Previous volume spikes indicate accumulation during the handle formation. Moving Averages:
Price is trading above the 50-day and 200-day moving averages, which confirms a bullish trend. The moving averages are sloping upward, supporting further price momentum. Momentum & Confirmation:
The stock has successfully retested the breakout zone, validating the strength of the breakout. Price action suggests continuation toward the next resistance zones as marked.
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.