#INFY has undergone a steep correction after its quarterly results. Over the past few sessions the trading range has been reduced to a mere 15-20 points. Index has formed four back to back dojis.
However price needs some breathing space and it starts pushing against the walls of its range. Inside the range price acts like a spring which is being suppressed. Longer the suppression stronger will be the release. 
Why should traders care?
Price is undergoing a Bollinger Band squeeze and highly uncharacteristic of INFY to stay sideways for so long. While the focus for the day will be #NIFTY, #BANKNIFTY and other heavyweights, INFY can be a silent mover. Once the move is spotted by the masses the early entrants can just sit back and ride the move.
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