indiamarketoutlook

Infy: Triple top formation observed in hourly chart

Short
NSE:INFY   INFOSYS LTD
Infy
CMP 1555

- The set up has a target of 1496-1508 levels on the down side below which there could be further extension fall towards 1453-1465

- on the upside I would be cautious if Infy trades above 1578

- note I do have my bias in Infy


so do your due diligence

Take care & safe trading...!!!

Disclaimer:

- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be


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