INFY is facing strong selling pressure at higher levels after a gap up opening if it breaks the support level then it will be difficult for infy to go up so keep eyes on INFY for any movement.
Disclaimer:- This for educational purposes only do your own analysis before investing hard-earned money.
It has been observed that the price action is forming lower lows and trending down. Now, it shall further dip down to previous support zone.
T1- 284
T2- 276
SL 300
The stock continues to be under pressure and the rally shows that it has reached a Fibonacci cluster confluence of resistances as can be seen on the charts. So one should look at some intraday shorts as dips towards 355 is very much on the cards. The rally towards 371-374 can also be used for shorting as markets are showing some pressure today and this stock could...