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virralthakkaar

Breakout in Daily Charts

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INFOSYS LTD (NSE:INFY)  
virralthakkaar  
NSE:INFY   INFOSYS LTD
Trend Analysis Chart Patterns Technical Indicators INFY infosys infosystradeidea infosysforecast infosystechnicalanalysis infosystrade infosysanalysis infosysinvestment infosysltd
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trendanalysis chartpattern indicator infy infosys infosystradeidea infosysforecast infosystechnicalanalysis infosystrade infosysanalysis infosysinvestment infosysltd
*NSE Cash study

Infy did try very hard to cross the 20 day EMA yesterday and did too but couldn't hold. Nearing the end of the day, IT stocks took a beating and so did the market.

Now, looking at the charts today, RSI held above 50 and so did the trend on the daily charts. I see a strong support at 1290 levels so we can go long with a stop-loss below 1290 for targets of 1350 and 1380 or even 1390+.
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