Infosys (INFY) at a Crossroads: Analysis and Trading Strategy

Infosys (INFY) has a bearish structure. Significant resistance is located between ₹1900 and ₹1930. We prefer to initiate fresh short positions here for potential target objectives of ₹1812 and ₹1760 on a cash basis. The ₹1812 level is specifically important from a timing perspective, as it is the intraday low from January 27th, which was a critical cycle date.  Sustained trade below ₹1812 is likely to trigger a sharp decline towards the ₹1600 zone. The next major cycle date is due on March 13th.”

Leave a comment