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INFY

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
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