INFY ASCENDING TRIANGLE IDENTIFIED

١٦ مايو ٢٠٢٤

INFY has formed an ascending triangle pattern on the hourly chart. A bullish candle has closed just above the resistance level, indicating potential upward movement. However, for a confirmed bullish trend, we await a clear breakout above the resistance. It's essential to note that a bearish breakout would invalidate this bullish projection, emphasizing the need for cautious observation.