INFOSYS BEARISH REVERSAL

22.07.20 05:58 PM - By Manish Singh

Today INFOSYS made a low of 910 and yesterday it made a low of 929 by forming a bearish spin top candle and  a spin top that occurs at the top of an uptrend could be a sign that bulls are losing their control and the trend may reverse .  In daily timeframe Resistance is 951.25, Support 1 889, Support 2 847.35.  If it breaks 889 it may retest 847.35. 

One can sell Infosys between 915 - 925 for the target of 890 and 850. Also one must keep stoploss of 956 



Note :  This blog is only for educational purpose .You should be aware of the risk involved in stock market investing .  Mani research is not responsible for any type of loss in financial market. Consult your financial advisor before taking any fresh position .

Manish Singh