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MDstockmagic

INFOSYS breaking important trendline may give good trade

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INFOSYS LTD (NSE:INFY)  
MDstockmagic Updated   
NSE:INFY   INFOSYS LTD
Trend Analysis Chart Patterns Wave Analysis INFY infosys
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trendanalysis chartpattern waveanalysis infy infosys
Infosys made head and sholder pattern too and breaking important trend line (blue) will bring some selling pressure below 1650

if it sustains below 1650 than 1640 immediate target
if 1640--38 is too broken down than sharp correction towards 1610 may follow in coming days
Comment:
infosys contineously breaking blue trendline and its not a good sign for bulls

more weakness will follow on breaking of 1640 (green trendline)
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