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.

Comments

What a breakdown !!...almost met second target too !
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out