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T_Harth

Infosys SHORT

Short
INFOSYS LTD (NSE:INFY)  
T_Harth Updated   
NSE:INFY   INFOSYS LTD
Trend Analysis Chart Patterns Technical Indicators infosys short Bearish Patterns headandshouldersformation newlow
3
0
trendanalysis chartpattern indicator infosys short bearish headandshouldersformation newlow
Reasons for Short as follows:

1) Classic Head & Shoulder Breakdown Pattern
2) Price trading near 52 Week Low Zone
3) IT Sector is the Weakest and Leading the Bear Market
4) Global Recession means Slowdown in Revenue for these IT Companies

SELL Weakness

Stop Loss above 1420
Targets:
T1= 1320/ 1300
T2= 1250 ish zone
Trade closed: stop reached
Siddharth Bhansali

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