Infosys Chart Analysis !!

πŸ“ˆ Infosys πŸ“‰

My Findings :-
1. Breakdown of Strong Support Zone of 1660-1680 with GAP.
2. Lower High and Lower Low Formation.
3. Close Below Seven Months Low.
4. But IT Index at Support. To get more confirmation can be waited till IT Index Breaks down. Check IT Index Chart below for reference.

Bias- Short
Target- 1541, 1441 and 1313
SL- 1760
RR- 1: 2

IT Index Chart :-

All Important Supports and Resistances are drawn in chart. All levels are on closing basis.

Please have a look and revert back if you need some more study on it.

Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Target 1 of 1541 is done. Now, Trail Sl to 1650
Target 2 of 1441 is done.
Trail SL to 1550

Follow me for live IntraDay Chart Analysis on Twitter.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.