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INFY

TCS Downward WAVE 5 in progress (Swing Trade Setup)It is been observed on daily and weekly chart that the price action making lower highs and lower lows indicated a downward trend. Now, It is also been observed that the price action completed Wave 4 and now it is in progress of Wave 5 in the prevailing downward trend. For last two trading session, it is been bearish when Marked acted positive. I believe sellers are in control and it may further dip down. Regards Target1: 2205 (RR- 1:1) Target 2: 2100 (RR- 1:3) Target 3: 2000 (RR- 1:5) Stoploss: 2350
BSE:TCSShort
by NeeteshJain
11
Infosys - The Big Short (Seller Wins)It is been observed that the price action is consolidating in between 1060-1010 levels for past 55 days on a daily chart. It is 11 weeks and almost 3 months. This is called a Big consolidation and price war between buyers and sellers. Now, the price action got that big breakout from the consolidation as it closes below strong support level of 1010. Therefore, it is indicating that sellers victory over buyers and now the price action shall move further down and continue it downtrending pattern. It is a great opportunity to initiate, Target: 985, 955, 935 Stoploss: 1050
BSE:INFYShort
by NeeteshJain
1