tradingway2023

where is infy heading to ? be safe on IT stocks

NSE:INFY   INFOSYS LTD
Remember i had advised to short infy when it was 1335 and now its close at 1265. where is it really heading to ? The fibo levels of the swing low says it may reach the recent swing low of 1186, unless it closes above 1279 on a daily basis. Given the weak outlook for the stock, better to avoid the stock for some time now.
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