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INFY | Bullish Recovery Setup | 30-Minute Chart
INFY | Possible Bullish Recovery INFY has corrected sharply from the recent highs and is now showing some buying interest around 1,154. The last few candles suggest buyers are trying to recover the lost ground. I'm watching for a possible move above 1,164. Entry: Above 1,164.10 Stop Loss: 1,154.10 Target: 1,198.10 The setup offers a potential risk-to-reward ratio of around 1:3.4. This is a counter-trend setup, so confirmation is important. The bullish setup will be invalidated on a 30-minute candle closing below the red stop line. I prefer trades with favourable risk-to-reward and relatively tight, technically justified stop-losses. Proper risk and money management are essential. This is my technical observation, not investment advice.
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