KingJB76

INFY : Short

Short
NSE:INFY   INFOSYS LTD
INFY is working along in an ascending rectangular channel currently.
For it to follow this along, it will find support at 724/716 levels. If it respects the support, it will retrace up back to 726 first, else break down lower.
Trade active: Lets see if it tries to test the RED support line below in coming days....
Trade active: Took support at 721 levels and retraced to break out above 735 level. Next target/resistance at 760. If it does not break then falls back to 745.
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