Infosys SHORT

Reasons for Short as follows:

1) Classic Head & Shoulder Breakdown Pattern
2) Price trading near 52 Week Low Zone
3) IT Sector is the Weakest and Leading the Bear Market
4) Global Recession means Slowdown in Revenue for these IT Companies

SELL Weakness

Stop Loss above 1420
Targets:
T1= 1320/ 1300
T2= 1250 ish zone

Trade stängt: Stopp nått