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Nov 30, 2021 7:38 AM

RSI > 80 = Overbought  Short

INFOSYS LTDNSE

Description

Stock RSI is greater than 80. Clearly overbought on monthly candlestick chart. Thus, bullish movement is not sustainable. Omicron, variant of concern has posed as fresh negative trigger. Because revenue in EU region may be slightly impacted in Q3Y22. We have to observe the gravity of infections and its likely impact on revenue in Q4Y22
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