JMvalueinvest

Infosys breaks trendline support, can look for short trades

Education
JMvalueinvest Updated   
NSE:INFY   INFOSYS LTD
Infosys has broken a long supporting trendline. Can look to short below 700 levels.
Trade active:
Should ideally take support at 670, where shorts, if any, should be squared off
Trade closed manually:
Exit without meaningful gains as Nifty IT continues to remain in the channel, takes support, and resumes upside. Infy being very large component of the index, cant have divergent move.
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