INFY - CUP N HANDLE (Bullish Breakout)

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It is been observed on the hourly chart that the price action is firstly forming a U shape Cup consolidation followed by a downward correction channel, Handle and now breaking above that zone which is indicating a bullish move ahead.

T1- 940
T2-960
SL- 900
Dagangan aktif
Dagangan aktif
Nota
Pattern Gap is been filled by the price action between 896-900
syot kilat
If it goes below it then it is a pattern failure.
Dagangan ditutup: hentian tercapai
Nota
INFY recovering from the gap zone
Nota
Infosys price action still respecting and consolidating within the drawn channel, a breakout from here on shall further decide the movement.
syot kilat

Thanks
breakoutChart PatternsCup And HandlecupnhandleINFYTrend Analysis

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