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JMvalueinvest
Jun 11, 2020 2:19 PM

Infosys breaks trendline support, can look for short trades Education

INFOSYS LTDNSE

Description

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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