INFOSYS LTDViés de baixa
Infosys - Trendline rejection
Infosys INFY has been in a downtrend since October making lower swing highs.
I can see that it again got rejected at the trendline resistance and formed a Bearish Engulfing candle.
Shorted here with stop loss a few points above the trendline resistance for a first target of 625.
A deeper correction can take it to 610.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
INFY has been in a downtrend since October making lower swing highs.I can see that it again got rejected at the trendline resistance and formed a Bearish Engulfing candle.
Shorted here with stop loss a few points above the trendline resistance for a first target of 625.
A deeper correction can take it to 610.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
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