INFY
Hello Traders! :)
Here's a Trade Idea Forecast for INFOSYS
I have been bearish on INFOSYS from the past few months when it broke that trendline .
Now as per the current scenario INFOSYS is moving to a rejection with bearish price action, So i am expecting it to get rejected from that level i have mentioned in the chart which is around 758-760.
After that if we Daily close below 719 then it will be a confirmed scenario that we will go down till 680-620 level.
The only case INFOSYS will become bullish is if it manages to close well above 824 level till then bears are in favor!
In the Chart i have mentioned the levels which you can look upon for getting into the trade.
Disclaimer:- This analysis is my point of view, We are not responsible for any loss occur to you while following this idea.
As this is not a financial advice so DYOR.
I do post about NSE stocks, Forex
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