- Infosys daily is showing bearish flag, Bearish engulfing and negative divergence.
- But for bulls price is trading above 50 and 20 day moving average with bullish crossover.
- Weekly macd is looking good for bulls But price is moving towards a resistance line.
- Important support is near 2400.
- So in short stock has both bullish and bearish possibilities. Short trade is preferred because of bearish engulfing and bearish flag, Both need confirmation of price before going short.
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