Nar

Double top INFY Weekly

NSE:INFY   INFOSYS LTD
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Infosys is been under lot of pressure lately. The double top has formed and it is close to it support levels at 950. The A/D indicator does not confirm the sharp move seen in the stock and the RSI is also close to 40.

Recommend to watch this stock next few trading sessions.
Long if it moves firmly above support levels with high volumes. Target 1040.
Short if it moves below support levels with confirmation on RSI and A/D. Target 870
Trade closed: target reached: Hope some of you shorted this stock today. Dropped 17 pts from days high.
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