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AbNamjoshi

SELL. INFY.

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INFOSYS LTD (NSE:INFY)  
AbNamjoshi  
NSE:INFY   INFOSYS LTD
Support and Resistance Trend Lines Chart Patterns
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supportandresistance trendline chartpattern
INFOSYS has shown a clear breakdown of its important support of 1660. Moreover, it has made a huge gap which is worrisome. It appears that the stock will be in the down trend in medium term. Unless there is a positive chart structure is formed buying in this stock is not recommended at any lower price. Seeing overall chart destruction, we wish to sell the stock.

CMP - 1567
TARGET - 1300
SL - 1680 Weekly closing basis.
Aviso legal

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