Trading Infosys using Technical Analysis – RSI Edge
Infosys: The stock is at an important zone. A triple top formation is noticed on the daily time frame. This can be bearish in short term for Infosys. The stock needs to move above 1220 levels to regain the strength and momentum. The volumes have been decreasing with price increase & the RSI is banging at the 60 levels (extreme levels for buyers)
Any failure to move above 1220 will set the stock into correction to 1100 levels.
Bharat Jhunjhunwala MFTA, CMT, CFTe, MSTA