INFY view

INFY with its recent high of 1518 have probably ended a major rally which started from APRIL lows of 1185.
The decline from 18th,SEPTEMBER high matches all criteria for a trend reversal.
STOCK is in it’s very early stages of fresh leg lower.
The coming decline should atleast retrace 50% of move.
For short term a print of 1439 would signal a PATTERN breakdown which would have Target objectives of 1385 and 1325 on cash.

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