Is this the end of an uptrend in INFY?

19 ก.พ. 2022

When the head and shoulders pattern happens during an uptrend, the price rises and then pulls back (lower), forming the left shoulder. The price rises once more, forming a higher peak known as the peak of the head. The price falls once more, then rebounds to a lower peak, establishing the right shoulder.

Swing lows occur when the price falls after the left shoulder and the head. A "neckline" is formed by connecting the swing lows with a trendline that extends off to the right. When the price falls below the neckline, the pattern is complete, and the price is likely to continue falling.

The entry opportunity on a head and shoulders pattern occurs when the price breaks the neckline.