NeeteshJain
Short

Infosys - The Big Short (Seller Wins)

BSE:INFY   INFOSYS LTD.
It is been observed that the price action is consolidating in between 1060-1010 levels for past 55 days on a daily chart . It is 11 weeks and almost 3 months. This is called a Big consolidation and price war between buyers and sellers.

Now, the price action got that big breakout from the consolidation as it closes below strong support level of 1010. Therefore, it is indicating that sellers victory over buyers and now the price action shall move further down and continue it downtrending pattern.

It is a great opportunity to initiate,

Target: 985, 955, 935
Stoploss: 1050
Trade active: Going great:)
Trade active: Close to Target 1
Trade closed: target reached: Target 1 Reached Successfully. Regards
Trade closed: target reached: All targets achieved. Regards
I think Infy has good support zone around 930-960 range. I will prefer to initiate Long position at that levels. Infy fundamentals are looking good as the company is gearing for Long term Strategy of automation. However, SHORT Idea sounds good at the moment.
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