INFY RSI DIVERGENCE
Infosys is making a series of lower highs and lower lows for the past 70 days, whereas the RSI is continuously making higher highs and lower lows.
This divergence can be spotted easily on the Daily Timeframe.
Also, we can see a bullish closing on weekly basis.
We can see an upside momentum in this stock soon.
1420 level can be taken as a stop loss
1450-1470 is a good entry point.
!!! This is not an investment advice and do your own due diligence before investing/trading on any script !!!
!!! This post is only for educational purposes and not advising anyone to trade on behalf of this trade !!!
This divergence can be spotted easily on the Daily Timeframe.
Also, we can see a bullish closing on weekly basis.
We can see an upside momentum in this stock soon.
1420 level can be taken as a stop loss
1450-1470 is a good entry point.
!!! This is not an investment advice and do your own due diligence before investing/trading on any script !!!
!!! This post is only for educational purposes and not advising anyone to trade on behalf of this trade !!!
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