January 8, 2014

INFOSYS Chart analysis

  • Infosys Weekly chart with MACD shows triple divergence. Price continues to trade above 5 Week Low EMA. Further weakness on price trading below the range in daily chart and the Week Low EMA.
  • Despite the bearish view above taking position against a news event is risky. One should follow proper money management rules so that it doesn't hurt the capital in a big way. 
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