Infosys - The Big Short (Seller Wins)

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.
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out