nano6yogesh
Short

Infosys - Trendline rejection

NSE:INFY   INFOSYS LTD
Infosys NSE:INFY has been in a downtrend since October making lower swing highs.

I can see that it again got rejected at the trendline resistance and formed a Bearish Engulfing candle.

Shorted here with stop loss a few points above the trendline resistance for a first target of 625.

A deeper correction can take it to 610.


Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.

What a breakdown !!...almost met second target too !
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