sandeep2909

Infy positional short

Short
sandeep2909 Pro+ Updated   
NSE:INFY   INFOSYS LTD
Major correction / fall expected - reasons / analysis

1) Head & Shoulder break down on daily charts
2) Divergence ( RSI & MACD ) in weekly charts
3) Evening star candle formation 3 weeks back & 2 weeks of rejection and fall this week
4) Monthly trend line (in blue) broken from top - trend line is valid since year 2000 (19 year)

Please do your own analysis
Comment:
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.