INFOSYS WEEKLY TRIANGLE
INFOSYS WEEKLY CHART
- INFOSYS WEEKLY chart has formed a DIAMOND TOP and a TRIANGLE.
- DIAMOND TOP at uptrend is negative.
- TRIANGLE can go either way.
- We will try to get a clue from the triangle. A break down of 2605 level is bearish and can bring it down to 2300 levels.
- Trading above 2702 can take it to 2790.
- For short trading enter at the break of 2605 and keep 2620 as stop loss.
- Week chart is also showing negative divergence in MACD. But the price has not reacted in a big negative way.
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