INFY: Downtrend Shows Potential for Further Decline
INFY is currently in a well-defined downtrend, exhibiting lower lows and lower highs. Swing traders can consider selling INFY below the recent swing low of 1386, targeting potential downside levels of 1360 and 1320. A stop-loss order placed above the recent swing high of 1422 is recommended to mitigate potential losses.
Trading Strategy:
Sell INFY below 1386
Target 1: 1360
Target 2: 1320
Stop loss: 1422
Risk Management:
Always place stop-loss orders to limit potential losses.
Consider position sizing based on your risk tolerance and available capital.
Monitor market conditions and adjust your trading strategy accordingly.
Please note that this is just a trading idea and not a financial recommendation. It is crucial to conduct your own research and consider your investment goals and risk tolerance before making any trading decisions.
