AbhishekHSinghCMT

INFY- Neckline The Saviour@1010 (Early Signs of Reversal)

Long
NSE:INFY   INFOSYS LTD
3
Trading@1049

Isn't that amazing & exciting that Infy turns from 1010 which was updated as a good support zone on 19th Sep2016 update shown below

Its an early sign of reversal & we need watch for support zones 1040-1045 & 1020-1025 if holds & pushes up, then likely that will be the 2nd clue that INFY wants to fly in the open sky. We already had our 1st clue as 1010 reversals.

CNX IT is almost at corner to turn up again will that take IT stocks up-up & away- well time will let us know.

Trade active: 07:04 Hrs 24th Nov2016

Last Price@920

Once the zone of 1010-1011 was broken -Infy melted or went sharp downside to 901.

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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