INFY could be registering a new Lower High(LH) & then possibly go down and make a new Lower Low(LL). I'll be watching it closely for a possible reversal & then trade on the way down from 200EMA.
Note
INFY has registered a high of near about 1500 and appears to be on it's way down from there. It can be a good shorting opportunity below 200 EMA of about 1390. Stop Loss should be last high, which currently is 1500.Trade active
INFY has opened gap down & is currently below 200 EMA on Daily & 1 Hr chart. It's a SELL with last high being the SL for a target of 1100-1150.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.