Infosys Struggling to hold on to support level - Short setup

Infosys seems to be struggling to hold on to support level of 915-905 on weekly charts.
The chart structure looks really weak and a break below 900 would drag it to levels of 840 levels which should potentially act as the next support level (July - Aug 2014 level).

Trading strategy :
Short @ current level of 916
Keep stop @ 954
Target price : 840
Reward to risk - 2:1

Disclosure : The view expressed above is my own analysis on the stock. You are responsible for your own investment / trading decisions.

Dagangan aktif

Dagangan ditutup: hentian tercapai:

Stop reached