INFOSYS week shows the forming of diamond top

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.

thank you