The Nifty IT index is seen in good upward momentum and a bullish ascending triangle pattern can be seen in Infosys.
- * The stock is very close to the important psychological level of Rs.1000.
* The successful breakout from the triangle pattern can push the price all the way up to 1000.
* Its a high reward trade compared to the risk.
Risk:reward - 1:4
* Stop Loss should be below the rising side of the triangle.
TARGET ACHIEVED