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.
Comment
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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
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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.
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.